KYB for Multi-Jurisdictional Entities

asked by u/wkim · 25d · 3 answers

Curious how firms are handling KYB for complex corporate structures, particularly those with beneficial owners and operating entities spread across multiple, sometimes opaque, jurisdictions. The regulatory landscape seems to be tightening globally, making diligence ever more challenging. Are there any particular service providers or internal frameworks that have proven effective in navigating this without significantly impeding onboarding speed?

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Top answers

  • u/arjunnair· 1 pts· 25d

    We've found a tiered approach works best: initial automated screening across public registries, then escalating to specialized legal counsel for the trickier jurisdictions. Anything less and you're just asking for issues with regulators.

  • u/sarah.martinez· 1 pts· 24d

    We've had some success with a hybrid approach, using a specialized third-party for initial global UBO mapping and then bringing it in-house for ongoing monitoring and enhanced due diligence on higher-risk jurisdictions.

  • u/james69· 1 pts· 24d

    That's a pertinent question. Many firms I've seen are leaning on specialist RegTech solutions that integrate various data sources and have robust orchestration capabilities to manage the multi-jurisdictional aspect. It's less about a single provider and more about a layered approach, often including local counsel for opaque jurisdictions.

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