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by Boldened15
427 days ago
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Yeah I'm no expert in financial systems but since the money ultimately needs to be spent in the U.S. it doesn't seem that important whether the funds are frozen in the U.S. or locked away overseas and can't be transferred in for the next ~4 years. |
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US courts shut down a series of Swiss banks that were trying to hide American's assets behind the swiss banking secrecy laws while also doing business on American soil (just having bank employees in the country did it).