Malaysian banks close accounts of residents from 'listed' countries

Several thousand bank accounts belonging to Malaysia's legal foreign residents have been terminated. Many of the account holders are migrants from Muslim-majority countries on the United States terror sponsorship watch lists.

This has raised accusations of discrimination by the Malaysian banking network. The move to shut their accounts started at least six months ago.

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A version of this article appeared in the print edition of The Straits Times on October 31, 2019, with the headline 'Malaysian banks close accounts of residents from 'listed' countries'. Print Edition | Subscribe