FATCA specifically oppresses Americans who live outside the US. It strong-arms banks into treating Americans adversely different based on their national origin (ranging from denial of service to extra data collection and disclosure). I thought Americans were the only people who broadly face discrimination in banking due to their nationality. But I recently heard of other nationalities (not Americans) who are refused bank access due to their nationality (in Europe, where we might have a high expectation of human rights).
I could never get the details. People that report this to me have been vague. But I’ve heard it twice now. Does anyone know the specifics? Which nationalities and why?
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