Been trying to get set up with a couple more prop firms and it feels like the KYC/AML process is getting heavier. The documentation requests are becoming insane, and the turnaround times are blowing out. Is this just me, or are others seeing increased friction, particularly around address verification and proof of funds?
Definitely not just you. I've noticed it too, especially with the proof of funds. It feels like they're trying to make it harder to get started, or maybe the regulations are just getting that much tighter across the board.
I've definitely noticed the same, especially with newer firms. It feels like they're overcompensating for past issues or just navigating a much stricter regulatory landscape now. Have you tried reaching out to their support to see if there's a specific reason for the delays, or if certain documents are more problematic than others?
Definitely not just you. I've noticed a significant uptick in the intensity of KYC/AML, especially with newer firms or those expanding into new jurisdictions. It seems to be a general trend across the industry, likely driven by increased regulatory scrutiny.