The Royal Bank has been refusing to open American dollar accounts for Canadian citizens with dual citizenship in Iran, Iraq, Cuba, Sudan, North Korea or Myanmar since April 2006.
The Royal Bank has confirmed it is conforming with U.S. Treasury Department laws.
According to CBC :
"A spokesperson for the federal Finance Department said it was unaware of the practice, and that the bank could be liable for heavy fines."
Now, as it happens, the Royal Bank has a blog [Ed. note - and rivetting stuff it is too] and on this blog they are running a contest : The Next Great Innovator Challenge.
Drop by and let them know that your idea of a great innovation is abiding by Canadian law.
Bonus Reading : The Case For the Amero - The Economics and Politics of a North American Monetary Union, a Fraser Institute report by Conservative/Reform Party member Herb Grubel.
I especially liked this line with its quotation marks :
"#39 Resistance to the amero will be lessened by continuing to call it officially a "dollar".