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They are foreign banks operating in the United States, so they have to also obey US laws.
by diogenescynic 12y ago
They are foreign banks operating in the United States, so they have to also obey US laws.
- seanmcdirmid 12y agoNot only that, but if they want to conduct business with American banks, or just hook into the system, they are subject to certain pressure from the US government. E.g. dealing with Iran or DPRK is a nono.