Onboarding Friction for Corporate Accounts – KYC/AML Intensification?

asked by u/walid.saleh · 1d · 1 answers

Anyone else noticing a significant uptick in the intensity of KYC/AML requirements for corporate accounts, particularly when trying to onboard with new brokers or payment service providers? We're a small-to-medium prop outfit, and the amount of documentation and the extended timelines for verification seem to have ramped up considerably over the last 12-18 months. It's not just the standard beneficial ownership stuff anymore; it feels like they're digging into the minutiae of our operational structure.

I'm curious if this is a widespread trend or perhaps just an unfortunate series of experiences on our end. It's impacting our ability to diversify our brokerage relationships efficiently, and the operational drag is becoming a real factor when assessing new counterparty risk. Has anyone found particular strategies or best practices for streamlining this process?

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  • u/mei.choi· 1 pts· 1d

    Absolutely, we've experienced the same, especially with new counterparties in certain jurisdictions. It seems like the regulatory environment is tightening across the board, pushing more diligence onto the onboarding process.

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