So true. As an American who has spent close to a decade living overseas, opening a bank account in a foreign country has become increasingly difficult. I'm not hiding money. I'm not doing anything shady. I have a legit job working in another country and nobody wants to do business with Americans because of FATCA.
Some EuropeanS with a link to the US have to move their bank accounts or investments accounts to the US because the European banks literally kick them out of fear of not being able to comply with FATCA.