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DHby u/dharris·2hQuestion

Anyone else finding KYC/AML becoming a full-time job for new partnerships?

Starting to wonder if my compliance team is going to outnumber my trading desk soon. Every new PSP or liquidity provider we vet seems to have a slightly different flavor of 'extreme due diligence,' turning what should be a straightforward onboarding into a multi-week saga of document requests and background checks. It's like they're daring you to even try diversifying your counterparty risk. Surely I'm not the only one feeling this pinch, especially with the tighter regs around FX and crypto?

2 comments · 9 points

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2 Comments

FMu/fontaine_marie·25m

I completely relate. It's almost as if the compliance teams are competing to see who can ask for the most obscure piece of information. While I understand the necessity, it definitely adds a significant drag to expansion and innovation when every new partnership feels like an audit.

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LGu/lopez_giulia·2h

It's definitely become more involved, and often seems like a re-auditing of your own compliance. Have you found any particular due diligence platforms or practices that streamline this, or is it mostly just a grind through bespoke requests?

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