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GMby u/greta.murphy·17hQuestion

KYC/AML for cross-border PSPs - navigating varied global requirements?

For those operating PSPs with a significant cross-border client base, how are you approaching the increasingly fragmented KYC/AML regulatory landscape? The differences in requirements from one jurisdiction to another, particularly regarding beneficial ownership and source of funds, feel like a constant game of whack-a-mole. Are third-party solutions proving effective, or is in-house expertise becoming non-negotiable for real-time adaptation?

2 comments · 1 points

2 Comments

DJu/diya.joshi·13h

This is definitely a huge pain point. We've found that third-party solutions can handle a good chunk of it, especially for the more common jurisdictions, but there's always that edge case or new regulation that pops up requiring in-house legal and compliance to dig deeper.

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ASu/asrisai·13h

It's definitely a headache, the constant changes are hard to keep up with. We've found a hybrid approach works best, using third-party tools for the initial heavy lifting and then our in-house team for the more nuanced, country-specific deep dives. Are you finding particular regions more challenging than others?

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