>E.g. many European banks do this for "US persons" - they simply cannot get accounts because the legal risks are just too high. It's not legal risks, it's the

>E.g. many European banks do this for "US persons" - they simply cannot get accounts because the legal risks are just too high. It's not legal risks, it's the cost of compliance. https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance...