Accidental Americans Protest in France

Forty-thousand French citizens could find themselves without a bank account at the end of the year because French banks are unable to meet the US tax information reporting law known as FACTA (1), according to Laurent Mignon, the head of the French Banking Federation, FFB. In all there could be more than 300 thousand people across Europe who will have no place to park their money and collect their salaries in 2020.