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KYC/KYB Burden for Cross-Border PSPs Amid Evolving Regulatory Landscape
For those operating Payment Service Providers (PSPs) with significant cross-border activity, how are you currently navigating the increasing burden of KYC/KYB requirements? Specifically, with the fragmented and rapidly evolving regulatory frameworks across different jurisdictions, what strategies have proven most effective in standardizing compliance processes without stifling operational agility? It feels like we're constantly playing catch-up, especially with smaller markets tightening their AML/CFT protocols, which often requires significant localized resource allocation. Any insights on tech solutions or best practices for scalable, future-proof compliance in this environment would be genuinely valuable.
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