International financial landscape changing for US citizens

Spring B

21 September 2014 11:46:32

Spring B

21 September 2014 11:46:32

International banks refuse to do business with US citizens. Renunciation of American citizenship on the rise. FBI agents training with assaults rifles. It's NOT Hollywood's newest thriller, unfortunately. It's the consequences of FATCA and FBAR, coming to a country near you. All the details in this comprehensive presentation.

HaileyinHongKong

ViP

Member since 28 December 2010

Hong Kong

HaileyinHongKong

21 September 2014 17:50:25

4723

HaileyinHongKong

21 September 2014 17:50:25

4723

Hong Kong

Spring B wrote:
International banks refuse to do business with US citizens.

My bank never got that memo.

Spring B

22 September 2014 08:32:44

Spring B

22 September 2014 08:32:44

No one's telling them to stop doing business. But some international banks are deciding it's just not worth the hassle and trying to cut down on their American clientele. Like in Switzerland or in Belgium. I think the presentation linked to above had a few other examples.

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