KYC/AML has made this much worse (on purpose - limit access to financial services without any real effect on terrorism or money laundering). Your bank knows yo

KYC/AML has made this much worse (on purpose - limit access to financial services without any real effect on terrorism or money laundering). Your bank knows you, perhaps for many years. Then you move country, or lose your phone, and suddenly they have forgotten you, and you face an uphill nightmare to retain your old accounts. A share certificate should be a bearer asset, but it is not accepted anywhere outside the original jurisdiction (e.g. EEA for UK/European shares).