Anyone else seeing increased KYB friction with new EU regs?

asked by u/kavya.desai · 3d · 2 answers

It seems like every new prop firm or smaller broker I'm trying to onboard with for diversified capital is adding layers to KYB lately, specifically around source of funds verification. Is this just me, or a broader trend linked to new AML directives making it harder to get accounts open quickly?

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u/beatrizsilva· 5 pts· 3d
Definitely not just you. I've noticed it too, especially with proof of income/wealth for anything beyond basic accounts. It's making account setup a real slog.
u/haruto_y· 0 pts· 3d
Definitely not just you. The updated AMLD6/7 directives are forcing a lot more due diligence on smaller players, making onboarding slower across the board, especially for source of wealth.

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