Anyone else seeing increased scrutiny on 'source of wealth' for corporate accounts?
asked by u/ren_c · 8d · 1 answers
Been noticing a definite uptick in the detail requested for source of wealth when onboarding new corporate clients, particularly for those with complex ownership structures or a diverse range of income streams. It's not just the standard beneficial owner identification anymore; it feels like compliance departments are digging deeper into the actual origins of the capital. Curious if others in the fintech space or with high-net-worth clients are experiencing similar increased pressure from a regulatory perspective. Are you updating your internal policies, or seeing a specific regulator driving this?