Does the Commission consider that this condition of Swedbank is related to the recently adopted US law FATCA, the ongoing IGAs on it and the legal uncertainty for the FFI as to the extraterritorial application of FATCA?
Is the Commission aware that the extraterritorial effect of FATCA could lead to banks on the territory of the EU refusing to take US clients?
Does the Commission consider this practice as a violation of the general principle of equal treatment and non-discrimination, or any provision of the EU treaties?
Does the Commission consider that the definition of’ US person’ could also include EU citizens, which would mean that EU citizens could be affected directly by US law on EU soil?
Note that he owns a Corporation in Bermuda which owns a home in Palm Beach
looks like the link to the Swedbank policy no longer functions. Don’t find it anyplace else in other searches.
which means that the policy changed. The new wording is less direct — it gives them the opportunity to what they want when they want. And I was in Swedbank last week listening to an American open up an account an having a long discussion in Swedish that he wanted to make sure he would have access to it when he was in NY, Connecticut, and Maine.