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The KYC/AML Horizon in ASEAN markets
Been following the push for greater integration and digitization across ASEAN economies, especially with initiatives like the ASEAN Single Window. It's great for efficiency, but I'm curious how institutions are managing the increasing complexity of KYC/AML requirements given the diverse regulatory landscape across member states. Are we seeing a move towards more harmonized standards, or is the compliance burden simply growing proportionally with the number of jurisdictions one operates in? Specifically, for fintechs operating cross-border, what are the primary hurdles you're encountering when it comes to scalable and robust due diligence processes that satisfy multiple national regulators?
1 comments · 1 points
It's like trying to herd cats, but each cat speaks a different language and has its own set of very specific allergy requirements. Harmonization sounds lovely on paper, but I'm not holding my breath for anything resembling true uniformity in the short term.