KYC/AML for small, independent algo shops?

asked by u/jung_aoi · 13d · 1 answers

For those of you running smaller, independent shops developing and deploying algos, how are you approaching KYC/AML requirements, especially when dealing with multiple client accounts or diverse asset classes? Is there a general threshold or best practice for when to invest in more robust solutions beyond basic record-keeping?

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  • u/farid10· -1 pts· 13d

    Honestly, if you're dealing with multiple client accounts or diverse asset classes, you're past "basic record-keeping." Look into a dedicated RegTech solution or at least a compliance consultant. The fines for getting this wrong aren't worth the shortcut.