View Single Post
  #13  
Old 13.02.2014, 21:37
Jim2007's Avatar
Jim2007 Jim2007 is offline
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 4,406
Groaned at 118 Times in 101 Posts
Thanked 5,249 Times in 2,482 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: Postfinace DEMANDS past FBARs

Quote:
View Post
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.
And what do you think they do when the close your account? (hint: they don't give the money back to you)...
Reply With Quote