[aboardRat4]

>US forced

"Forced"?

You're _way_ everestimating US influence.

Most countries not just "collect citizenship data", they require you to have a valid non-expired ID, valid non-expired residential registration, a fresh digital photo, verified phone number and a valid tax number. All of that without any US interference.

[mapt]

My crude understanding is that in the 90's, the US controlled basically all the world's large-scale financial clearing network, and after 9/11 declared a holy war against anything that didn't provide visibility to US intelligence (like the surviving medieval Middle Eastern 'Hawala' banking system) and the ability for the US to sanction it on a fine-grained basis.

Since that time, we have grabbed on tighter and tighter, and are finding that the world is starting to seek out a less politically volatile patron for a financial system.

[SauciestGNU]

It's pretty wild, I work in finance and hawala was specifically called out in my anti money laundering training. Really seems like cultural chauvanism and thinly veiled racism to eschew an entire traditional monetary support system.

[randerson]

I'm an immigrant to the US who still has a bank account in my home country.

After I told that bank I'd moved abroad, they required me to fill out paperwork for FATCA and give them my US SSN.

I also have to self-report all foreign accounts and their balances to the IRS. The penalties for not doing so are severe.