Banks are tightening their requirements. Read the LATEST bulletin from Peaceful Solutions regarding banking in foreign countries.
Americans Residing Overseas are DENIED BANK ACCOUNTS!
Americans residing overseas are denied access to banking facilities in the United States, solely because of their foreign address. The number of such instances has risen sharply since passage of the Patriot Act.
Banks refer to "Know Your Client" rules in this legislation as the reason for refusing clients with overseas addresses, even if they are U.S. citizens. Overseas American citizens are consequently being denied the basic right to maintain normal commercial relationships with their country.
Wednesday, June 3, 2009
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