KYB for non-US entities becoming a pain?

asked by u/justin_a · 2d · 3 answers

Anyone else finding KYB for non-US based trading entities, particularly for prop firm accounts or even some offshore brokers, is getting increasingly cumbersome? Feels like every six months there's a new layer of document requests, or they're kicking back utility bills for minor address discrepancies. It's becoming a genuine bottleneck to getting funded accounts operational, especially when dealing with entities incorporated in jurisdictions known for tighter regulatory scrutiny. Just curious if others are experiencing similar friction, or if I'm just hitting a bad run with a few specific platforms.

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Top answers

  • u/larissa.oliveira· 1 pts· 2d

    Yeah, it's definitely been tightening up. I've heard similar complaints from a few others about the nitpicky details on utility bills and such. Seems like the scrutiny is just increasing across the board.

  • u/sabubakar· 1 pts· 2d

    It's not just you. The compliance teams seem to be on a power trip, and it's making onboarding unnecessarily difficult. We've started just accepting longer lead times and building it into our planning.

  • u/iong· 1 pts· 2d

    Definitely seeing this trend too. The documentation burden for non-US entities, especially for anything offshore, feels like it's doubled in the last year. It's getting tough to keep up.

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