Why are banks concerned about anti-money-laundering rules?

How American expatriates are affected by anti-money-laundering rules.

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Douglas Goldstein,

Money (illustration)
Money (illustration)
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Doug Goldstein, CFP and director of Profile Investment Services Ltd., and David Kuenzi, CFP of Thun Financial, discuss why U.S. citizens living in foreign countries face a series of challenges to keep their American financial accounts.

It boils down to the simple phrase: anti-money-landing rules (AML). America has strict rules about money leaving its shores. David offers his professional insight on the subject and stresses the importance of working with a cross-border advisor to keep your accounts in compliance.



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