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Onboarding friction for new prop firm accounts?
Anyone else finding KYC/AML processes particularly drawn out when trying to onboard with prop firms lately? Seems like a few of the larger ones are taking weeks just to clear initial documentation, holding up potential capital deployment. Wondering if it's new regulatory pressure or just increased demand bogging down their back office.
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Definitely noticing the same. I've heard some firms are now requiring video verification calls which adds another layer. Could be a bit of both increased scrutiny and demand.