The Independent: HSBC Closes Bank Accounts of Syrian Refugees

August 8, 2014 – In a case ofScreen-Shot-2014-08-08-at-7.38.29-AM-e1407508841222 apparent profiling, global financial institution HSBC has shut down bank accounts held by Syrian refugees in Britain.

From the story:

Documents and email correspondence obtained by The Independent show that HSBC, which styles itself as the “world’s local bank”, sent letters to Syrian clients living in the UK telling them their accounts would be closed and giving them two months to find a new bank. It cited “increased requirements for compliance with international obligations concerning payments to and from sanctioned countries”.

Read the article here.

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