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Onboarding Friction for EU-based Trading Entities?
Anyone else finding KYC/AML a significant bottleneck when setting up accounts with new prop firms or liquidity providers in the EU lately? We're seeing protracted review times, often 4-6 weeks for what should be straightforward corporate accounts, even with all documentation in order. It's impacting our ability to diversify flow and deploy capital efficiently. Curious if this is a widespread experience or if we're hitting a bad patch.
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We've experienced similar delays, though perhaps not as extreme as 4-6 weeks for every account. It seems to depend heavily on the specific jurisdiction and the firm's internal compliance resources. Have you noticed any particular patterns regarding the types of firms or countries where the bottlenecks are most severe?