Funny

6904 readers

167 users here now

General rules:

Be kind.
All posts must make an attempt to be funny.
Obey the general sh.itjust.works instance rules.
No politics or political figures. There are plenty of other politics communities to choose from.
Don't post anything grotesque or potentially illegal. Examples include pornography, gore, animal cruelty, inappropriate jokes involving kids, etc.

Exceptions may be made at the discretion of the mods.

founded 2 years ago

MODERATORS

TheDude@sh.itjust.works

kersploosh@sh.itjust.works

example@reddthat.com

VicksVaporBBQrub@sh.itjust.works

1570

I used the poor to defeat the poor (lemmy.world)

submitted 1 year ago by Stamets@lemmy.world to c/funny@sh.itjust.works

119 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] agissilver@lemmy.world 1 points 1 year ago (1 children)

US citizens have to report all foreign accounts for tax purposes, and the foreign banks are ALSO required to file statements about the US citizens' accounts. I can understand why the banks see this as a burden and resist US customers

[–] Comfortably_Wet@lemmy.world 1 points 1 year ago

The same is true within the EU countries. But as far as I know the US also demands "real time access without notice to the bakn or owner of the account" and that is something which simply isn't allowed within the EU. An US citizen can in theory agree to this but then only a few banks even have the technical framework to offer such an access.

Within the EU the police can also request banking data but need a signed court order and the data isn't delivered in real time and by the bank itself and the customer gets informed afterwards.