Lately I see more and more banks asking me if I hold dual citizenship. Just curious why they started asking this.
Terrorism and money laundering concerns is my guess
As if.
I just got asked this for the first time.
The whole 10k depositing is all about money laundering. Why else would they give 2
Money laundering perhaps but terrorism?
Is this in person or online?
It's the US banks asking for this.
Is it related to tax issue?
Perhaps it’s some sort internal risk management analysis. Maybe they have determined that those with permanent ties to another country are more likely to default or choose to forego repaying their debts.