Originally Posted by movieguy

THIS. Finally someone who isn't speculating.
Remember when Paxum required everyone to have business accounts? Same reason.

I had a foreign bank account for a few years while I was living abroad. The bank sent me a letter to my home address, requesting I sign a document declaring I was not american and hiding money. The US is pressuring every financial institution in the world to close up loopholes, evaders, and money laundering (even though it's a bit of hypocrisy that big corporations are still getting away with it)