Malaysian banks shut accounts of legal foreign residents from some countries on US watchlists

The two largest Malaysian banks involved in the move, Maybank and CIMB Bank, have not come forward to explain the reasons for shutting the accounts.
The two largest Malaysian banks involved in the move, Maybank and CIMB Bank, have not come forward to explain the reasons for shutting the accounts.PHOTOS: REUTERS

KUALA LUMPUR - Thousands of bank accounts belonging to Malaysia's legal foreign residents have been terminated, many of them migrants from Muslim-majority countries on United States terror sponsorship watchlists.

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

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