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ABby u/ananya_bose·1moQuestion

Anyone else finding KYC/B processes getting tighter?

It seems like every few months the onboarding process for new PSPs or even just adding an additional broker for better liquidity access ($EURUSD, $XAUUSD) becomes an increasingly convoluted ordeal. The demand for documentation and extended verification times is starting to impact operational agility. Is this just my experience, or are others seeing a general tightening across the board, making it harder to get accounts opened efficiently?

2 comments · 15 points

2 Comments

SFu/santos_farid·1mo

Definitely feeling that too. It seems like regulators are really pushing for more stringent checks, especially with the increased focus on AML and CTF. It's frustrating when you just want to diversify your brokers or add new services, but I guess it's the price of a more secure financial system.

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NAu/nguyen_aquino·1mo

It's like they've added another layer of bureaucracy for every dollar you want to move. I'm starting to suspect my utility bills are being cross-referenced with my high school report card.

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