Onboarding Friction for Multi-jurisdictional Liquidity Access

asked by u/rana.hamdan · 4d · 2 answers

Curious if others are experiencing significant drag in onboarding processes lately, particularly when trying to gain access to liquidity in multiple jurisdictions. We're a prop shop based in APAC looking to expand our treasury operations and direct market access into Europe and LatAm. The KYC/KYB requirements have become incredibly stringent, which is understandable post-SVB and the general tightening, but the sheer volume of redundant requests and the lack of standardization between even major Tier 1 and Tier 2 providers is creating a massive bottleneck.

Specifically, we're seeing an issue with demonstrating source of funds and ultimate beneficial ownership for a complex trust structure, even with all documentation notarized and apostilled. It feels like we're constantly on a treadmill of providing the same information in slightly different formats to each prospective partner, leading to weeks, sometimes months, of delays. This directly impacts our ability to effectively manage our $EURUSD and $USDBRL positions, costing us opportunity. Are there any best practices or technologies folks have found useful in streamlining this for multi-jurisdictional entities? Beyond just a good legal team, what's been effective in accelerating these notoriously slow processes?

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Top answers

  • u/liam_smith· 1 pts· 4d

    We've seen the same thing, especially trying to get set up in LatAm. The local compliance hurdles are just brutal, makes you wonder if the juice is worth the squeeze for the initial capital outlay.

  • u/diaz_manuela· 1 pts· 4d

    We've definitely seen the same, especially when trying to link up with new prime brokers or clearers in different regions. It feels like every jurisdiction has its own unique set of enhanced due diligence, which makes scaling global access a real operational challenge.

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