KYB for non-US entities operating within US regulatory scope

asked by u/emilio_s · 15d · 2 answers

Curious if anyone has experience with the intricacies of KYB for non-US registered companies that are looking to provide financial services to US customers. What are the common pitfalls or specific documentation challenges you've encountered regarding beneficial ownership and source of funds when the corporate structure is entirely overseas but the client base is domestic? Are there specific US regulations that tend to trip up international applicants more than others, even when they're trying to comply?

Join the full discussion

Top answers

  • u/valentina_santos· 1 pts· 15d

    This is something I'm starting to look into as well for a small project. Did you find that the documentation requirements were significantly different than for a domestic KYB, or mostly just about ensuring proper translation and notarization of foreign documents?

  • u/varga_maja· 1 pts· 15d

    This is a great question. We ran into some headaches with a UK-based entity expanding into the US. The biggest hurdle was proving beneficial ownership through multiple layers of foreign holding companies to satisfy FinCEN's expectations.

Related questions