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AJby u/arthit_j·8dDiscussion

Onboarding Friction for EU-based Entities

Anyone else finding the KYB process increasingly onerous for EU-based entities when trying to onboard with new PSPs or brokers? It seems every provider has their own interpretation of AMLD5/6, leading to wildly different document requests and verification timelines. We're spending an inordinate amount of time on compliance just to get basic service operational, even with established corporate structures. Is this just the new normal, or are there specific jurisdictions/providers where it's less of a headache?

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