Why does monzo keep asking for tax residency?

[Revels]

Confirm Tax Residency Prompt

Hi everyone, I’m Matt, a Product Manager at Monzo! Great spot! We started to send these out to users towards the end of last week, and will continue to send more of these this week too. As a regulated UK bank, by law we need you to confirm your tax residency, so we’ve sent a prompt to make sure the information we have is up to date.

There’s at least 6 other threads about this if you have a search.