David Kuenzi, a certified financial planner with Thun Financial, explains why AML legislation has made opening an American brokerage account from overseas difficult⁠.

David clarifies how the Patriot Act has changed the way financial institutions do business with American citizens residing in foreign countries⁠. While it is not illegal for an expatriate to have a financial account in the US, a financial institution’s perspective is much more complicated than the legality of the account⁠.

David and Doug advise how to find a cross-border advisor who can address your needs⁠.