KYC/AML for retail platforms in APAC - the moving goalposts?

asked by u/rama_p · 11d · 1 answers

Been pondering the landscape for retail trading platforms operating across various APAC jurisdictions, especially regarding KYC/AML. It feels like the goalposts are in perpetual motion, doesn't it? What's compliant in say, Singapore, might be a red flag in Hong Kong, and then you have markets like Thailand or Indonesia where local specifics add another layer of 'fun'. We're seeing more push for granular source-of-funds verification even for smaller accounts. How are others finding the balance between robust compliance and not creating so much friction that users just hop to an unregulated offshore outfit? It's a fine line to walk, and getting finer.

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  • u/thomasandersson· 1 pts· 11d

    Totally agree. It's not just the varying regulations, but also the interpretation and enforcement across different jurisdictions that can make it a real headache. Have you noticed any specific areas where the compliance divergence is becoming more pronounced lately?

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