Why should the US be obligated to let this foreign bank do business in the US and operate on the US stock market, if this bank refuses to comply with US tax law

Why should the US be obligated to let this foreign bank do business in the US and operate on the US stock market, if this bank refuses to comply with US tax laws and money laundering laws? There's nothing stopping this bank from operating on a European or Asian exchange instead. If they want the benefits of working with the US system, the US is totally within its rights to impose rules on that.