This system will be fully functioning by spring of 2015. US persons should be fully informed of this procedure by that time.
Follows is information about events which should be considered versus your personal safety. It is up to each individual to determine if he/she is comfortable with this situation in these locations. This is not new information–this system has been developed during the course of 4.5 yrs in conjunction with the US Treasury and these governments.
If you are a US citizen, please be aware that many unstable governments have been deputized to hold your most personal and private information, such as your social security number, local identity number, bank asset values, bank account numbers, address and telephone number. Please be aware that there are little (if any demands) as to how this data shall be stored and communicated.
This is valid for any “US person for tax purposes” who is identified in any country of the world. A US person can be a US citizen, a holder of a US visA (“Green card”), a US-owned business, and any family member or business who might be sharing financial resources and financial signature authority with a US person.
Intergovernmental Agreements (IGA’s) have been made with a large number of foreign governments, who have been enabled, entrusted, and deputized with critical personal information about all US persons.
Some sensitive countries to note are Armenia, Hong Kong, Iraq, Nicaragua, Moldova, Paraguay,Taiwan, Algeria, Azerbaijan, Bahrain, Barbados, Belarus, Cabo Verde, China, Colombia, Croatia, Cyprus, Dominica, Dominican Republic, Georgia, Grenada, Guyana, Haiti, India, Indonesia, Kosovo, Kuwait, Malaysia, Panama, Qatar, Saudi Arabia, Serbia, South Korea, Thailand, Turkey, Turkmenistan, Ukraine, United Arab Emirates, Uzbekistan
You may discuss this issue with your US embassy. However, please be aware that it was the embassy that implemented this and negotiated this.
A list of ALL the countries storing this data upon US citizens, Green Card holders, and their families is listed here.
A list of all banks storing this data upon US citizens, Green Card holders, and their families is listed here.
More information is available here