Report your DR bank account (US citizens)

[SKY]

NALS & Wishing Well

The US imposes heavy burdens on financial institutions.
My asset management company, a large concern, will not accept US residents as clients.... never.

The reporting load is too onerous 

Try opening a bank account in Europe with a US Passport. Most banks will tell you to take a hike.

 

[william webster]

Too much oversight....

Which IMO, accomplishes little 

 

[Wishing you well]

NALS & Wishing Well

The US imposes heavy burdens on financial institutions.
My asset management company, a large concern, will not accept US residents as clients.... never.

The reporting load is too onerous 

Agreed. But wouldn't doing as so get you in trouble?

In the USA Ii know it would.

 

[william webster]

I am not an American.... and to prove it to my asset company that I was 'free&clear'

They just avoid US residents - citizens or Green carders

No trouble for me any other nationality

 

[cobraboy]

Too much oversight....

Which IMO, accomplishes little 

Political pandering to those who hate the eeeeevil rich...and think they all stash cash offshore.

 

[william webster]

Take a look at Denise Rich.

Flew the coop to New Zealand.... forfeited her US status...gone.
Clintons' pal.............