US sanctions against foreign citizens
"Are most big US based financial institutions and banks in such a close relationship with USCIS (United States Citizenship And Immigration Services) so they can easily request the information about market traders? Yes. They must be in order to enforce the laws required by the sanctions. What online broker would you suggest that probably won't focus on that dual citizenship matter? ""Dual"" citizenship isn't actually relevant here. Nearly anyone in the world can invest in US banks except for those few countries that the US has imposed sanctions against. Since you are a citizen of one of those countries, you are ineligible to participate. The fact that you are also a US citizen isn't relevant in this case. I believe the reasoning behind this is that the US doesn't encourage dual citizenship: The U.S. Government does not encourage dual nationality. While recognizing the existence of dual nationality and permitting Americans to have other nationalities, the U.S. Government also recognizes the problems which it may cause. Claims of other countries upon U.S. dual-nationals often place them in situations where their obligations to one country are in conflict with the laws of the other. In addition, their dual nationality may hamper efforts of the U.S. Government to provide consular protection to them when they are abroad, especially when they are in the country of their second nationality. If I had to guess, I'd say the thinking there is that if you (and enough other people that are citizens of that country) want to participate in something in the US that sanctions forbid, you (collectively) could try to persuade that country's government to change its actions so that the sanctions are lifted. Alternatively, you could renounce your citizenship in the other country. Either of those actions would help further the cause that the US perceives to be correct. What it basically boils down to is that even though you are a US citizen, your rights can be limited due to having another citizenship in a country that is not favorable in the current political climate. Thus there are pros and cons to having dual citizenship." "US Sanctions are usually very nuanced and you should look them up yourself.  It may be widely reported that ""US sanctions X-country"" and it may be widely understood that it means all funds from anybody in that country are blocked, that USUALLY isn't the case (or ""many times"" isn't the case, I'm not going to bother quantifying that) Many times it is a comprehensive list of certain individuals and businesses that are blocked. The US Treasury publishes a list of these organizations. This misinterpretation can trickle down to companies. You would think big financial companies understand regulations, but they typically just react to how things are reported and have no uniform understanding of the financial regulations they are subject to. Private companies create unique and arbitrary company policies in reaction to the spirit of a regulation. So could it be that all Iranians cannot interact with the US financial system? Sure, thats possible. Could it be a lot more nuanced? Sure. Does it matter if the broker will actually investigate your SSN with USCIS? Maybe, maybe not. Does it matter if you disclose you are a dual citizen if they claim they can just check your SSN?  The financial institution is the one liable for misinterpreting sanctions. Let the consequences guide your actions."
"Be mindful of your reporting requirements. Besides checking the box on Schedule B of your 1040 that you have a foreign bank account, you also need to file a TD F 90-22.1 FBAR report for any year that the total of all foreign bank accounts reaches a value of $10,000 at any time during the year. This is filed separately from your 1040 by June 30 of the following year. Penalties for violating this reporting requirement are draconian, in some cases exceeding the amount of money in the foreign bank account. This penalty has been levied on people who have been reporting and paying tax on the interest on their foreign bank accounts, and merely neglected this separate report filing. Article on the ""shoot the jaywalker"" punitive enforcement policy. http://www.rothcpa.com/archives/006866.php Mariette IRS Circular 230 Notice: Please note that any tax advice contained in this communication is not intended to be used, and cannot be used, by anyone to avoid penalties that may be imposed under federal tax law. EDITED TO ADD" "Environmental disaster, *intentional* environmental disaster and conspiracy to defeat regulatory compliance measures, overtly helping Iran and Mexican cartels circumvent sanctions...  vs...  Overly-aggressive marketing tactics.   I dunno man, I'm just having trouble putting these in the same category.  That last one looks an *awfully* lot like being guilt of ""succeeding while American""." And that's exactly why I took a coding bootcamp last winter and now am coding at a major corporation. I am working hard and improving my skillset. Others are not and may get there job automated - it is not my responsibility to support them because they didn't adapt.  I never once blamed immigrants for anything - I encourage it as it increases productivity for the country. I just think our laws should be followed and it's not moral to skip the line and commit crimes.  We must use LOGIC and Freedom not PC emotion when Governing our country. Was that the wave of people they magicked into contractors in the late 90's?  I seem to vaguely remember that a family friend was affected and we tried everything we could to find him another good job (Non citizen on work visa) everything worked out in the end for him last I've heard though. They import these individuals so there is a lose labor pool. Suppress labor unions and nobody at that level wins. I read where the current reduction in Mexican immigrants has forced wage increases in the house construction industry. Working two and three jobs to get by is not supposed to be the American way. Freeze this vermin' assets and that of his family and go after the extended family too... There has to be grave consequences to this kind of scheming and theft. His.punishment should serve as a warning to others.  I hope all Americans are taking notice of the kind of.crooks that have and are holding office. Lol. Americas are two continents. How many times do I have to educate you? America itself is not a country.  Beside that you still have not presented any data. All your points have been invalidated and best you can do is change topics over and over.  If you think that 1-3 percent tarrif is protectionism, you clearly don't know anything.  This is especially true if you think Russia is a model where we should be. Lol. Ur so understanding is so bad, I am confident it's more than just cognitive dissonance  Still could not address my points about Argentina, Canada, US and etc.  It is pretty clear you are uneducated and will never get this.   Edit  Btw love your fake data and facts. I guess that's how you get cucked so hard to begin with  EDIT2  **LOL. Chart says tarrif of 10 big countries. Not 10 highest Tarrif. LOLOLOL.**  IS your cognitive dissonance this strong? Or are you having such a hard time following this? I feel for you if you cant even keep up on this.   Best to stay in your safe space and keep getting cucked.  &gt;Why do Liberals always use homophobic insults? That's something I noticed this election cycle, the most LGBT friendly people always call people they don't like gay. All these dick sucking jokes. People saying Republicans suck on penises.  I wasn't being homophobic. I called you for what you are. That's your choice. No shame. Keep doing what you do and be Putins whatever. There's no requirement of US citizenship to open a bank account in the US. Any person, citizen or not, can do that. I don't know where this assumption of yours come from, but it is false. So the easiest solution is to open a bank account for your nephew next time he visits the US and get him an ATM card from that account. You can then deposit money to that account as much as you want (beware of the gift tax consequences). If he doesn't want to travel to the US and cannot open a US bank account remotely from Russia (which is probably the case), then follow the @BrenBarn's suggestion: have him open a bank account in Russia and just wire money there. Having a foreigner tapping freely into your own personal bank account may cause legal issues both with regards to gift tax and money laundering provisions that require you to certify that the money on the account is yours only. Also, check if there's an issue for a Russian resident to have control over foreign accounts (there's definitely such an issue for a US resident, Russians are generally not far behind when it comes to government oppression). "You've got it nailed down mostly and you found some really good insightful articles to help you understand the context here.  Dont misunderstand this... This issue is extremely complicated.  The one thing you are I think misunderstanding is that ""closing loopholes"" is a turn key solution and it really isn't. Loopholes are an extremely ambiguous term there's no list of loopholes out there to chase down and regulate for.  And even if there was once they were killed more would sprout up.  Most of the commenters here want to instead disincentivize loophole chasing by making the corp tax rate equal to those of other countries and removing repatriation tax so money made abroad can be brought back to the US." I was too. My fiance is an international student and for a while we were really concerned about the implications of a Trump presidency on her getting a visa. I aired my grievances on T_D and was banned.  What I've come to understand is that citizenship is a privilege, not a right. As part of the research I took part in while getting my Economics degree, we established mass immigration as a large, significant causal factor in the immergence of the income stagnation and the resulting rise of consumer debt levels and financial innovation that lead the the '09 crisis.  The issue with T_D is the massive brigading and threats users and mods get. T_D would be a non-stop dumping ground of concern trolling and leftist hatred if the policies they have in place now were not in effect. That being said, I myself am proof that the policies and the mods that enforce them are much more forgiving than most subs on on this site.  Try /r/askthe_donald "Tennessee is piloting a TSA ""on the ground"" program called [VIPR](http://en.wikipedia.org/wiki/Visible_Intermodal_Prevention_and_Response_team). This involves stopping vehicles and searching. From a liberty standpoint, this is in direct opposition to [Freedom of movement](http://en.wikipedia.org/wiki/Freedom_of_movement)  In addition, the same article mentions: ""Current US Code addresses air travel specifically. In 49 U.S.C. § 40103, ""Sovereignty and use of airspace"", the Code specifies that ""A citizen of the United States has a public right of transit through the navigable airspace.""""" It isnt very much imaginary. Theres very real damage being done and severely economically destructive levels of rights being deprived.  You have to identify terrorist boogymen who not only fail to actually fulfill their legal obligations to America but then become terrorists [themselves.](http://finance.jsonline.com/jsonline/news/read/34638650/announcement) try to set your patriotism aside for a second and think about the situation they put people in. it's terrible.  you build friendships for 6 years, and that is actually a pretty long time, then they just deport you. how would you feel about that? it sucks. that's why H1b is crap. you might get payed better and maybe you like America better than your own country but after 6 years it's over, for most the dream ends after the time is up. "hang on a minute, you're referring to ""immigrants"".  the headline talks about ""*illegal immigrant families*"".  those are two different animals  that said, this is high quality information for context.  and i appreciate it very much." What are the consequences if I ignore the emails? That would depend on how much efforts the collection agency is ready to put in. I got a social security number when I took up on campus jobs at the school and I do have a credit score. Can they get a hold of this and report to the credit bureaus even though I don't live in America? Possibly yes, they may already be doing it. Will they know when I come to America and arrest me at the border or can they take away my passport? For this, they would have to file a civil case in the court and get an injunction to arrest you. Edit: Generally it is unlikely that the court may grant an arrest warrant, unless in specific cases. A lawyer advise would be more appropriate. End Edits It is possible that the visa would also get rejected as you would have to declare previous visits and credit history is not good.