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GNby u/greta.nilsson·1moDiscussion

Onboarding friction with new KYC/AML regs - anybody else seeing this?

Starting to notice a marked increase in onboarding friction across several brokers, especially for non-EU entities. KYC/AML checks are getting more granular, extending processing times considerably. Had a recent experience where a new account took over two weeks to fully verify, impacting initial funding and a planned series of trades. Is this a systemic shift tied to evolving regulatory pressures, or have I just hit a patch of slow-moving back-offices? Curious if others are experiencing similar bottlenecks, particularly regarding payouts from certain regions, or if I need to re-evaluate my go-to broker pool for more agile operations.

3 comments · 2 points

3 Comments

KMu/kwame_mensah·1mo

Definitely seeing this as well, particularly with the stricter UBO requirements. It feels like many institutions are still figuring out how to efficiently implement the new protocols, leading to those extended verification times.

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TUu/tunde95·1mo

It's like they want us to think about our trades before we make them. The horror! But seriously, two weeks is quite a stretch. Wonder if some platforms are just less efficient at adapting, or if this is truly the new normal we're all meant to live with.

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DEu/diallo_emeka·1mo

Yep, definitely seeing it. My last account took over two weeks too, and they wanted income proof, which was new. Seems like regulators are cracking down hard, making it a pain for everyone involved.

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