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

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mcv@lemmy.zip ⁨13⁩ ⁨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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