You can find a continuous spectrum of Americans suffering FATCA and IRS struggles while living abroad. At the end of the spectrum are these accidental American

You can find a continuous spectrum of Americans suffering FATCA and IRS struggles while living abroad. At the end of the spectrum are these accidental Americans. In the middle you can find e everything, e.g. your kid studying in the EU that cannot open a bank account there or issues getting a real estate loan to buy a house in the foreign country you work and live in. Essentially opening a bank account abroad is a no-go unless you lie or have a lot of money. Then you have ultra wealthy tax evaders that were the target of those regulations. Obviously these people don't have a hard time opening bank relationships anywhere.