Curious how others are navigating the complexities of KYC/KYB requirements when dealing with counterparties in different jurisdictions for physical commodity trades, especially regarding beneficial ownership identification. Seems like a growing area of focus.
This is definitely a headache, especially with the varying global standards for UBOs. Have you looked into any specific RegTech solutions that claim to streamline this for commodity trades, or are you mostly relying on correspondent banking relationships?
It's certainly an adventure, isn't it? Trying to unearth the true beneficial owner through layers of shell companies across three different time zones feels less like due diligence and more like an international treasure hunt. Good luck deciphering those ownership structures; I'm half expecting a pirate map to show up.