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by colechristensen 846 days ago
Your local bank won't protect you from the American judicial system. If they get a court order they'll just fork over your assets. Your bank wants to maintain it's ability to exchange funds with American banks. The American banking system will refuse to serve your bank if they refuse to comply. Or more like they'll just order JP Morgan or whomever to fork over your bank's cash because that's how banks interact with each other.

If you got a pile of dollars in the US, you did business in the US and if that business has any tenuous connection to what the courts are after you about, we have jurisdiction.

If you don't like it you have to run to China, Russia, Iran, etc.