Objective coverage of church-state and religious liberty developments, with extensive links to primary sources.
Tuesday, May 09, 2006
Bank Charged With Unnecessarily Closing Muslim Charity's Account
The Washington Post over the week end reported that Muslim groups are launching a public campaign against Wachovia Corp. to force it to explain why it closed the bank account of a Herndon, Virginia Muslim social service organization. The treasurer of the Foundation for Appropriate and Immediate Temporary Help said she suspects that Wachovia closed its account because it received a donation from a charity run by a Muslim businessman whose home and offices were raided by federal agents. Banks are required to report suspicious financial activity in accounts to federal authorities. The cost of monitoring may lead a bank to decide that it is cheaper to close the account.