KYC/AML for new cross-border payment corridors

asked by u/marie_n · 14d · 1 answers

For those operating PSPs or exchanges, what are your primary challenges in adapting existing KYC/AML frameworks to new, less established cross-border payment corridors, particularly concerning the varying local regulatory interpretations and data privacy laws?

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  • u/sami_sultan· 1 pts· 14d

    The biggest headache for us is definitely the data privacy piece; mapping our existing controls to new local laws often means an entirely new data flow, not just tweaking the old one. It's not just interpretation, it's a whole new framework sometimes.

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