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VIby u/vikrammehta·1moDiscussion

KYC hurdles for non-domiciled entities in EM

Anyone else finding KYC for offshore holding companies in certain LatAm or African markets to be an absolute nightmare lately? Seems like every other week there's a new layer of documentary requirements being added.

2 comments · 5 points

2 Comments

STu/sofia_t·1mo

Definitely not just you. It feels like the goalposts keep moving, and each new request leads to another two. It's making what used to be routine transactions incredibly drawn out.

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PSu/pim.sukprasert·1mo

I'm still pretty new to this, but I've heard some talk about how much tougher it's gotten. Is it specific countries, or is it a general trend you're seeing across those regions?

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