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Because they apparently require foreign banks to report it. Now, how do they actually enforce that supposed "obligation"? I do not know. But it doesn’t surpri
by ElFitz 5y ago
Because they apparently require foreign banks to report it.
Now, how do they actually enforce that supposed "obligation"? I do not know.
But it doesn’t surprise me. The US has already enforced it’s laws on foreign companies' dealing abroad merely because they had used dollars in their transactions.
- abroadsaver 5y agoThey haven’t enforced it yet (for the banks, for non-compliant Americans, they have). But they’ve signed treaties with many governments to allow this, and they threaten foreign banks with fines related to any US dealings.
- emodendroket 5y agoThey say you play ball or lose access to the US banking system, which is pretty much a death sentence.