We're seeing a surprising amount of friction with KYC/KYB on prop firm onboarding lately; feels like the goalposts have shifted a bit. Anyone else experiencing this or have insights on what's driving the increased scrutiny?
I'm new to prop firms, so this is good to know. Is it mostly about document verification or are they asking for more in-depth financial history now too?
Yes, it's definitely not just you. Seems like many of the smaller prop firms are getting hit with stricter AML/KYC requirements, likely due to increased regulatory pressure or previous compliance issues.
I've definitely noticed it too. I wonder if it's related to some new regulations or just firms tightening up their own internal processes given the rise in popularity of prop trading?
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