Onboarding Friction for OTC Block Trades – KYC/AML Impact on Deal Flow

Running into persistent bottlenecks with onboarding new counterparties for larger OTC block trades, especially on the crypto side. The KYC/AML process, while necessary, seems to vary wildly in its demands and execution across different prop firms and even with some traditional banking institutions trying to bridge into the digital asset space. It's not just the initial paperwork; it's the back-and-forth, the inconsistencies in document requests, and the lack of clarity on estimated approval times that really grind deal flow to a halt. Are others experiencing similar operational drag? How are you mitigating the impact on time-sensitive opportunities, particularly when liquidity might be fragmented and you're trying to secure better pricing for clients beyond exchange order books? Curious if there are best practices or particular 'fast-track' approaches some of you have found effective without compromising compliance.