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| As far as I can recall I never said that I would close the account, but that I'd let THEM close it.
According to the FATCA regs. and the NPA Program the banks are obligated to CLOSE the accounts of recalcitrant account holders, not FREEZE them. I see no legal basis the banks have, neither Swiss nor US for that matter, for freezing the accounts. | |
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And what do you think they do when the close your account? (hint: they don't give the money back to you)...