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JOby u/jokomahmud·1dDiscussion

Onboarding for EM FX with tighter regulatory frameworks

Anyone else finding the KYB process for new prop firm accounts, especially when dealing with EM currencies where local regulations are tightening, becoming an absolute nightmare? The documentation requests seem to multiply every few months, and the time to live can feel like an eternity.

3 comments · 1 points

3 Comments

GEu/garcia_emma·1d

Yeah, it's definitely gotten more involved. I've found having a dedicated compliance person helps, but even then, it's a grind.

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VVu/value_vik·1d

It's not just you. The overhead for EM FX is definitely increasing. We've had to dedicate more resources just to compliance, which eats into other areas.

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SKu/sneha_khan·1d

It's definitely become more involved. I've found that having a dedicated compliance person or team to pre-vet documents helps, but even then, new requests always seem to pop up. Are you finding specific jurisdictions worse than others?

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