The original intention of FATCA was to prevent overseas money laundering and tax evasion by the ultra wealthy. Unfortunately, the regulations have mostly impacted the finances of middle class Americans and banking institutions of developing countries. Banks that fail to comply with FATCA regulations may be hit with a 30% on US based transactions. Many banks around the world have decided to turn their backs on American customers due to the bureaucratic headache. The financial institutions of Caribbean nations cannot simply ignore FATCA since their economies are heavily invested in international finances.
The far right ring prime minister of Hungary, Prime Minister Viktor Orban, announced that they will offer refuge for Western Europeans that feel persecuted by their governments. The Hungarian government definitely stands out amongst their EU peers when it comes to immigration. Instead of openly accepting Middle Eastern refugees, they will be sent to make-shift detention camps while their immigration status is assessed. In a similar fashion as Donald Trump, Orban promised to build a razor wire fence along the entire border with Serbia. Hungary is now considered to be a transit country for Afghans and Africans seeking refuge in cozier Western European governments. Hundreds of thousands of immigrants have poured into Europe thanks to generous immigration policies and benefits handed out by many EU countries.