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HaloZero
on Jan 18, 2019
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To Cover China, There’s No Substitute for WeChat
China and the US have a bilateral agreement about this I believe. It's to make sure Chinese citizens aren't storing money in the US and vice-versa. I imagine a US bank would do something similar to a Chinese national.
briandear
on Jan 18, 2019
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Nothing to do with the bilateral agreement, it’s because of FATCA.
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