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KYB hurdles with specific CFD products
Anyone else finding that the Know Your Business (KYB) process for CFDs has become particularly arduous when dealing with less common underlying assets? It seems some providers are really dragging their feet on onboarding, especially for instruments with lower liquidity, which directly impacts execution times and slippage. I'm wondering if this is a systemic change in compliance or just certain platforms tightening up.
1 comments · 15 points
The increased scrutiny on KYB for less liquid or obscure assets is likely a response to regulators pushing for greater transparency, especially with the AML/CTF directives. It's less about the providers dragging their feet and more about their compliance departments doing their due diligence on assets that might present higher risk.