The rule is not just for US citizens, but for a specific category called “US Person”, which is broader, and I think it includes anyone with any tie to the US. I believe having American parents, having had US citizenship even if you renounced it, or having had a greencard, also count. Though I don’t know the exact rules.
Comment on "US Person": is a red flag for financial institutions in Europe
CompactFlax@discuss.tchncs.de 3 days ago
It’s not discriminatory. They don’t have any legal obligation to serve citizens of foreign countries. When they do serve American citizens it triggers a whole lot of regulatory work, and it’s understandable they don’t want to do that unless you’re a high net worth individual (ie they make enough profit to cover that cost)
mcv@lemmy.zip 2 days ago
Limonene@lemmy.world 3 days ago
They do have an obligation to serve their own citizens. The US double tax reporting bullshit does apply to dual citizens.
booly@sh.itjust.works 3 days ago
I mean it quite literally is discriminatory, but it’s legal and justified discrimination.
CompactFlax@discuss.tchncs.de 3 days ago
Good point.