Opening a new bank account: “Oh I don’t need your passport.” “That’s fine I’ll just keep it out for when we get to FATCA compliance.” “Oh.” “Yep.” “OK I need to get someone who knows how to do that.” “That’s OK.” “I’m sorry you must get this a lot.” “Don’t worry about it.”
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FATCA compliance is the “Why would an American ever need to open a bank account abroad? Only for tax avoidance. Let’s force every bank outside the US to mandatorily report all their US citizen accounts to the IRS, forcing a sizable compliance burden.” law.
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Replying to @patio11
FATCA is also why why Norway asks this Frenchman living in Japan to sent them a sworn statement that I'm not a US citizen, or lose access to my bank accounts there.
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