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Politics : Canadian Political Free-for-All -- Ignore unavailable to you. Want to Upgrade?

To: DeplorableIrredeemableRedneck who wrote (11314)	1/16/2007 7:14:16 AM
From: DeplorableIrredeemableRedneck	Read Replies (2) \| Respond to of 37516

Royal Bank limiting accounts because of U.S. law Last Updated: Tuesday, January 16, 2007 \| 5:51 AM ET cbc.ca CBC News The Royal Bank has refused to open American dollar accounts for people of certain nationalities since April 2006, Radio-Canada reported Monday. Canadian citizens with dual citizenship in Iran, Iraq, Cuba, Sudan, North Korea or Myanmar are affected. The bank didn't agree to an interview with Radio-Canada, but did confirm the report. The Royal Bank is conforming with U.S. Treasury Deptartment laws. A spokesperson for the federal Finance Department said it was unaware of the practice, and that the bank could be liable for heavy fines. Last week, Montreal's Bell Helicopter banned 24 employees from working on a U.S. military contract because of their nationalities. The workers were taken off the lucrative contract to build 480 American military helicopters because they were born in countries that the Americans consider a security risk. Security measures outlined in the U.S. International Traffic in Arms Regulations do not allow citizens from 25 countries to work on strategic military weapons. Prime Minister Stephen Harper said he was "concerned" about the policy.