You should see how many European banks don't bother to comply with basic financial corruption protections and just block US citizens from having accounts
You should see how many European banks don't bother to comply with the US law in Europe, and just block US citizens in Europe from having accounts in Europe.
FTFY
Now, please explain why do you think that the US should expose their regulations to foreign banks operating in foreign countries?
You're so close to getting it.
My Google complies with local data protections and regulations as mandated by law.
>It seems that there are not enough US customers around here.
So you're telling me it's okay not to comply with a regulation because the market doesn't justify it and not because you're cartoonishly evil? Interesting. I wonder if we could apply that principle to other circumstances.
What comes to european banks not wanting to do anything with US related entities, my understanding is that the primary reason is the non-trivial amount of red tape and legal risks associated with US entities weighted against relatively small amoumt of pontential customers.
That's also the reason why some corporations don't bother with GPDR!
It seems you are also describing GDPR