• slazer2au@lemmy.world
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    4 days ago

    Because non US banks are still beholden to some US rules because they are using US products.

    Some of the members of the International Criminal Court are having problems because they are on US sanction lists.

    Using office 365/Hotmail/azure? No account because Microsoft.

    Want to use Google workspaces? Nope, still a US company

    What about getting your own domain? Well, ICANN is a US organisation so good luck.

    How about paying for things? Visa, MasterCard, American Express, Discover cards? All US companies.

    Well what about a regular bank account? Hope the bank doesn’t use SWIFT because guess what, US company. I am wrong about swift.

    • XM34@feddit.org
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      4 days ago

      SWIFT is a European cooperative and its headquarters is located in Belgium! I don’t know where you even got the idea that this could be an American company.

      Also, all of Europe is covered by Giro Payment. Credit cards do exist and are usually supported, but almost no one uses them domestically.

      Edit: Another interesting note about ICANN. The US government has not had direct control over ICANN since 2016 due to its importance for global communications. The US government has no power to censor any of the namespace resolving outside its own borders and if they were to try, this would give a lot of states a very strong argument for the already existing calls to remove ICANN entirely from US jurisdiction.

    • lIlIlIlIlIlIl@lemmy.world
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      4 days ago

      are having problems

      What problems? This is the nature of my curiosity - what does the US baking system have to do with non-US baking customers?

      • 365/Hotmail is not banking related
      • Google workspace is not a bank
      • Domains aren’t required for banking
      • Visa/MC/AmEx: how does this affect someone in the EU?
      • If an EU bank does use Swift, what does that imply for its EU banking customers?
      • slazer2au@lemmy.world
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        4 days ago

        Visa/MC/AmEx

        As the ICC employees are on a sanction lists they can’t be issued banking cards that use those finance networks. Guess who uses those finance networks. European banks.

        The others were examples of how as a non American you are effected by being on the US sanction lists.