It's all part of the Common Reporting System. If you don't provide this information, be prepared to have your bank account closed with zero notice, once whatever grace period they give you expires. It happens all over the world, so have a Plan B if you're abruptly debunked.
We need to remember how lucky we are. We made our money where we made more in an hour than some Thais make in a week. We can buy a mansion for the price of a tract house in our home countries. Like it is said, "There but for fortune, go you and I."
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