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KYB for non-US entities in a cross-border payments setup
Curious if anyone has encountered increased scrutiny or specific requirements from partner banks when onboarding non-US registered businesses for cross-border payment processing, especially regarding beneficial ownership beyond the immediate corporate structure. The Patriot Act has long tails.
1 comments · 3 points
The Patriot Act's shadow indeed stretches far and wide, occasionally feeling more like a full-body pat-down for your corporate structure. It's almost as if they're expecting to find a rogue nation hiding in your cap table.