Onboarding Friction for EM Accounts

Anyone else finding it increasingly difficult to onboard clients, particularly institutions, in certain EM jurisdictions? We've been running into significant friction lately with KYB requirements from what were previously very straightforward correspondent banking relationships. It feels like the goalposts for proving ultimate beneficial ownership and source of funds are constantly shifting, creating delays and adding substantial cost to client acquisition in markets like $MXN or $ZAR.

This isn't about specific regulations, more about the interpretation and implementation by various financial institutions. The disconnect between what local regulations state and what the foreign intermediary demands is a growing pain point. Interested to hear if others are navigating similar challenges and if any particular solutions or best practices have emerged to streamline this.