nullptrMar 10

"US Person": is a red flag for financial institutions in Europe

https://lemmy.world/post/44073145

"US Person": is a red flag for financial institutions in Europe - Lemmy.World

I saw some posts about american wanting to move to Europe; so just before you guys make the move, double-triple check insurances/banks, because literally every time I (not american) do smth financially related in France, they ask me if I am american? If yes, they won’t even open accounts/ give me insurance etc… Sounds discriminatory but apperently because legal I dont know if that expands to any other field

Show threadCompactFlaxMar 10
It’s not discriminatory. They don’t have any legal obligation to serve citizens of foreign countries. When they do serve American citizens it triggers a whole lot of regulatory work, and it’s understandable they don’t want to do that unless you’re a high net worth individual (ie they make enough profit to cover that cost)
Show threadbooly

It’s not discriminatory.

I mean it quite literally is discriminatory, but it’s legal and justified discrimination.

Mar 10 at 3:57pmWeb
Show threadCompactFlaxMar 10
Good point.