Iranians in Malaysia say banks block their accounts due to US sanctions

TEHRAN, Oct. 30 (MNA) –Banks in Malaysia are closing the accounts of Iranian individuals and companies, in a sign that US sanctions are having a far-reaching impact on citizens of the Islamic Republic of Iran.

Although Malaysian banks seemed to be more cautious in dealing with Iranians than those elsewhere, some Iranians and one embassy official said, there were “mass closures” in the Southeast Asian country in recent months, Reuters news agency reported.

The banks were being “more Catholic than the Pope”, said university lecturer Behrang Samadi, who is among an estimated 10,000 Iranians living in Malaysia and learnt in August that his bank, CIMB, would close his 14-year-old account.

“In Western countries, there is no problem opening bank accounts,” he added. “They are only sensitive about money transfers, especially in big amounts.”

Samadi said he withdrew his money soon after the bank warned him of the closure within a month’s time, though he was still able to access his account online on Sunday.

Despite Washington's sanctions over Iran's nuclear program imposed late last year, Malaysia has kept up good diplomatic ties with Tehran, and last week, their leaders discussed ways to further strengthen ties.


News Code 151725


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