It seems like every other month there's a new nuance or reporting standard popping up, making scalability a real headache when onboarding clients in that region.
Absolutely, the fragmented regulatory landscape in LATAM for KYC/AML is a major operational challenge. We've considered regionalizing our compliance teams to stay on top of it, but that comes with its own set of overheads.
Totally get what you mean. It's like playing whack-a-mole with regulations sometimes, especially when you're trying to grow quickly. How are you currently managing the due diligence process for new clients in the region?
Absolutely, the fragmented regulatory landscape in LATAM for KYC/AML is a significant challenge. We've considered centralizing some compliance functions, but even then, local nuances remain a hurdle for efficient scaling.