Nordic banking associations open Fatca reciprocity talks
The push for reciprocity under the US Foreign Account Tax Compliance Act (Fatca) is gaining pace, with banks in four Nordic countries now also urging their national governments to facilitate bilateral agreements with the US.
http://www.risk.net/operational-risk-and-regulation/news/2170830/nordic-banks-push-fatca-deal
Sigh…What exactly will happen to “US persons” who do not renounce citizenship yet refuse to waive their privacy rights under FATCA? Will they find it impossible to obtain banking services anywhere in Europe?
The Swedish Bankers Association is pretty clear they cannot deny Basic Banking services to bonafide residents