Anyone else seeing increased friction with KYB for new, high-volume clients, particularly around UBO verification for complex corporate structures? We're getting bogged down in what feels like unnecessary back-and-forth for what should be clear-cut cases, and it's definitely impacting our onboarding speed.
Oh, absolutely. It's like the universe conspired to make sure every new UBO has a holding company nested inside another holding company, all based in countries with equally complex legal frameworks. 'Clear-cut' seems to be a relative term these days.
Definitely feeling that too. We've had a few situations where the UBO for a large, established entity was straightforward on paper, but the automated checks kept flagging it, leading to a lot of manual review. It's a real bottleneck.
Absolutely, the UBO verification for multi-layered corporate structures has become a bottleneck for us too. It feels like regulators are still catching up to the complexities of modern business entities.