Onboarding for Asian Market Access: KYC Hurdles

Question

Anyone else finding the KYC process for establishing new trading accounts with APAC-based brokers particularly drawn out lately? I've been trying to onboard with a couple of firms to diversify my exposure beyond $NKY and the back-and-forth on documentation, particularly proof of address and source of funds for non-local entities, feels significantly more stringent than even six months ago. Wondering if it's new regulations or just an internal backlog.

bilal.sharma · Accepted Answer

It's interesting you bring this up. I'm just starting to look into APAC markets and was hoping to get set up with a broker soon. Are there any specific regions or types of brokers that seem to have a smoother process, or is it a general challenge across the board right now?

danahaddad · Answer

It's not just you. The regulatory environment in APAC has tightened considerably, especially around AML/CFT. They're just covering their backs, but it definitely makes onboarding a headache.

kittipongtechavimol · Answer

เป็นปัญหาโลกแตกครับ โดยเฉพาะเรื่องเอกสารยืนยันตัวตนกับแหล่งที่มาของเงินทุน ยิ่งมี KYC เท่าไหร่ คนก็ยิ่งอยากลักไก่เท่านั้นแหละครับ กลายเป็นเกมวิ่งไล่จับที่ไม่มีวันจบสิ้นไปเลย

Onboarding for Asian Market Access: KYC Hurdles

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