Hacker News new | ask | show | jobs
by robin_reala 1428 days ago
Yeah, you’d definitely have to be willing to close the US subsidiary in that situation.

This is similar to the FATCA situation, where it’s extremely difficult for US citizens to get bank accounts in Europe.

(Edit: if you’re not aware: FATCA is a US law that forces non-US banks to provide info about US citizens banking with them on request to US authorities. The threat is the removal of US banking licenses for any subsidiaries of the bank’s owners. Rather than providing info to the US, most banks are taking the safer route of asking if a person is a US citizen up front, and refusing to open an account if they say yes.)