Article content continued

On June 29, she was told her account would be reopened after the Canada Day long weekend. But that never happened, and as of Thursday evening, the woman’s two credit cards, line of credit, mortgage and debit account with TD were all still closed.

She can still access her money through bank drafts, but says she is nervous handling large amounts of money in this way.

The woman said her family will not attempt to reopen the accounts with TD, and are looking to move to another bank.

“I feel betrayed and frustrated,” the woman said. “After 10 years of living in Canada, this is an absolute disgrace to me.”

We are very concerned about the overzealous application of this sanctions regime may harm innocent people

Kaveh Shahrooz, vice-president of the Iranian Canadian Congress, said the ICC became aware of the letters a couple of months ago, although reports of more letters have increased in the past few weeks.

The ICC could not specify how many Canadians it has heard from, but said it is now starting to receive two to three reports from Iranian-Canadians a day.

“These are people’s livelihoods,” said Shahrooz. “They’re worried that if they can’t do banking with TD, they can’t do banking with any other bank out there.”

The Department of Foreign Affairs was not able to confirm Thursday what specific changes to the Canadian sanctions against Iran led to the closures of the bank accounts.

However, Shahrooz said he believes the closures may have something to do with the January 2012 expansion of Canada’s sanctions against Iran. The changes, announced by Foreign Affairs Minister John Baird on Jan. 31, added five entities and three individuals to the list of designated people whose assets were frozen.

“Our organization is very sensitive to the idea of the importance of making sure that the Iranian government doesn’t use the banking system here in Canada to further its goals,” said Shahrooz. “But at the same time we are very concerned about the overzealous application of this sanctions regime may harm innocent people.”

The ICC will hold a meeting in Toronto Saturday for members of the Iranian-Canadian community whose accounts have been closed by TD. The purpose of the meeting is to gather relevant information from those affected so the group can take the appropriate steps.

Those affected have taken to social media websites to express their concerns. A Facebook page titled “Condemn TD Bank in their Treatment of clients with Iranian Background” has more than 70 likes and a number of posts from users saying they knew of Iranian-Canadians whose TD bank accounts have been closed. Twitter users have also been reporting account closures, with one user even posting a portion of the letter from TD online.

Letter recipients are given a date by which their accounts and services with TD will be closed. They are then instructed to contact Foreign Affairs to apply for a permit to carry out future transactions prohibited by the regulations.

Foreign Affairs did not having anything to say about the changes to the sanctions or TD’s letters as of Thursday evening.