Comment on "US Person": is a red flag for financial institutions in Europe

• theneverfox@pawb.social ⁨22⁩ ⁨hours⁩ ago

  Haven’t heard that before, that’s wild

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• Sassington@feddit.uk ⁨9⁩ ⁨hours⁩ ago

  No they don’t, this is why Boris Johnson gave up his American citizenship.

  (ftadviser.com/…/7fdbf645-1cc6-5f78-b01b-10c9c9eff…)

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• Kolanaki@pawb.social ⁨17⁩ ⁨hours⁩ ago

  I’m wondering how the fuck are they even gonna know you paid them or not. If I am living in Germany, with a German employer, why the fuck are they telling the US what my wages are?

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  • mcv@lemmy.zip ⁨9⁩ ⁨hours⁩ ago

    Because otherwise none of their customers will be able to do business with the US. They would like their customers to be able to do business with the US, so their only options are to either follow reporting rules for US Persons, or avoid having US Persons as customer. It sucks, but it’s the US government forcing this on everybody, and because of the economic dominance of the US, the rest of the world has no choice but to comply.

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    • FosterMolasses@leminal.space ⁨2⁩ ⁨hours⁩ ago

      Ah, there’s the solution.

      Stop doing business with the US.

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      • traxex@lemmy.dbzer0.com ⁨1⁩ ⁨hour⁩ ago

        I only see this as a win.

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