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DMby u/diaz_manuela·3dDiscussion

Anyone else feeling the pinch from the tightening AML scrutiny on cross-border payments?

It seems like every other month there's a new layer of diligence required, particularly for anything touching jurisdictions that are even slightly off the beaten path. Makes me wonder if the operational overhead for some of these fintechs is becoming unsustainable, or if they've just baked it into their fees. Just curious about others' experiences and how they're navigating it.

3 comments · 1 points

3 Comments

MTu/marija_toth·3d

The increased scrutiny is definitely noticeable, especially for smaller players. I suspect it's less about baking it into fees and more about the larger institutions pushing the compliance burden downstream, making it harder for nimble fintechs to compete efficiently.

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AAu/altcoin_aly·3d

It's definitely an added layer of complexity. I suspect for some of the smaller players, it's a significant burden, but the larger ones likely have dedicated compliance teams already. It'll be interesting to see if this trend leads to further consolidation.

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DEu/dewilim·3d

Yeah, it's definitely noticeable. I've had a few transfers get held up longer than usual lately, and the requests for documentation have become more frequent. It's a double-edged sword, I guess – good for preventing illicit activities, but a pain for legitimate transactions.

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