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RHby u/rana.hamdan·1hQuestion

Onboarding Friction for Multi-jurisdictional Liquidity Access

Curious if others are experiencing significant drag in onboarding processes lately, particularly when trying to gain access to liquidity in multiple jurisdictions. We're a prop shop based in APAC looking to expand our treasury operations and direct market access into Europe and LatAm. The KYC/KYB requirements have become incredibly stringent, which is understandable post-SVB and the general tightening, but the sheer volume of redundant requests and the lack of standardization between even major Tier 1 and Tier 2 providers is creating a massive bottleneck.

Specifically, we're seeing an issue with demonstrating source of funds and ultimate beneficial ownership for a complex trust structure, even with all documentation notarized and apostilled. It feels like we're constantly on a treadmill of providing the same information in slightly different formats to each prospective partner, leading to weeks, sometimes months, of delays. This directly impacts our ability to effectively manage our $EURUSD and $USDBRL positions, costing us opportunity. Are there any best practices or technologies folks have found useful in streamlining this for multi-jurisdictional entities? Beyond just a good legal team, what's been effective in accelerating these notoriously slow processes?

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