&quot;the recently pushed through changes that require foreign banks to report are really a huge burden&quot;<p>The OECD is adopting CRS which is a wider-reaching version of FACTA. 51 countries are adopting it in September 2017. Another 34 (including Hong Kong, Switzerland, Singapore, and the United Arab Emirates) will adopt it a year later, in 2018.<p>I have (some) hope that what we&#x27;re seeing now is the teething pains and they&#x27;ll go away in a few years. But (as a fellow expat) I agree it is not a great time right now :(