As EU-citizen who recently moved countries in Europe I cannot agree. It took me about 2 months to open a business account for an at this point registered busine

As EU-citizen who recently moved countries in Europe I cannot agree. It took me about 2 months to open a business account for an at this point registered business in the country. The private account was a bit faster, but not until I actually moved there. At the same time it was almost necessary to have an account in the country to prove enough funds to sustain myself to register with authorities. In time and mindshare it easily cost 1000+ EUR. In the end I don’t see how the provided documents help to avoid money laundering. I opened bank accounts in non-EU and non-European countries before and both times it boiled down to “bring these well defined documents” and it was done in a 30 minutes session to have a bank account next week latest (although both experiences are more than 10 years ago).