EU restrictions on fund or platform?

GeoffTF

dunstonh said:

GeoffTF said:

dunstonh said:
Outside of the EU, US citizens and sanctioned states, non-residents can use UK firms (in theory US citizens can but providers/platforms usually chose not to).

I have a friend who has UK, US and Australian nationality. He says he has not been able to open any UK financial accounts. I believe that he has a UK bank account that dates back to the days when he had only UK nationality. He mostly settles his bills with a US issued credit card. He appears to be able to hold and sell his investments in all three countries, but not add to them.

US is probably the problem.  Australia certainly isn't.   UK financial services often dont want to get involved with those that hold US citizenship.  Not because the US prevents it but because they dont want the troubles that can come when you serve US citizens.

Yes, US citizenship is the problem. FATCA is too onerous.