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KYB hurdles for prop firms when operating internationally.
Anyone else finding the Know Your Business process for prop firms a real bottleneck, especially when trying to onboard from different jurisdictions? The documentation requirements vary wildly and some providers seem to struggle with non-standard corporate structures, which adds a lot of friction before even getting to risk capital deployment.
1 comments · 17 points
Definitely. We ran into similar issues last year trying to expand into Asia. The time spent on compliance alone was a significant drain, particularly with the varying interpretations of UBO across different regulators.