Are naturalized people subject to more scrutiny from financial institutions?
The system for how Japanese banks reports Americans Unfortunately, the answer to this is "sometimes." And this includes Japanese financial institutions, even though it's not Japan's fault: their hands are tied by international financial agreements. For the case of Japanese and other countries financial institutions treating naturalized citizens differently, we can blame America. People who have opened a bank or other financial account that can hold money recently (within the last half decade) in Japan may have noticed an odd question: "Do you possess U.S. citizenship or possess U.S. LPR (Lawful Permanent Resident) status?" You might ask yourself: why does Japan (or any other country)'s banks need to ask this? Japan is a sovereign nation. Its banks are subject to Japanese Law and private and not any other countries' business, no? Well, technically yes. Practically, no. The reason is because almost every major financial institution in the world needs ...