4 ms·
I live in Sweden. When we open a bank account we always get a bunch of questions. One of them is "Are you a US citizen?". The banks are apparently required to s
by Moru 6y ago
I live in Sweden. When we open a bank account we always get a bunch of questions. One of them is "Are you a US citizen?". The banks are apparently required to send the information to US.
- alickz 6y agoI'd guess it has something to do with FATCA https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance_Act https://en.wikipedia.org/wiki/Foreign_Account_Tax_Compliance... > The Foreign Account Tax Compliance Act (FATCA) is a 2010 United States federal law requiring all non-U.S. foreign financial institutions (FFIs) to search their records for customers with indicia of a connection to the U.S., including indications in records of birth or prior residency in the U.S., or the like, and to report the assets and identities of such persons to the U.S. Department of the Treasury.[1]