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AAby u/altcoin_aly·9hQuestion

KYB for Multi-Jurisdictional B2B Platforms - How are you handling it?

Running into a real head-scratcher with KYB for B2B platforms operating across multiple jurisdictions, especially when one business might be headquartered in one country but has operational entities or significant ownership in several others. The regulatory differences for beneficial ownership thresholds and documentation requirements are a minefield. Are folks here using a single vendor that can reliably cover this global complexity, or is it more common to piece together solutions? What are the practical challenges you've faced with data collection and verification when a business's structure spans multiple regulatory regimes?

2 comments · 5 points

2 Comments

WTu/white_tyler·8h

We've found no single vendor truly covers all bases without significant custom work on our end. The

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GMu/greta_m·7h

This is indeed a complex area. We've found that no single vendor truly covers all bases perfectly for multi-jurisdictional KYB, and often a layered approach with local counsel input is necessary, particularly for varying beneficial ownership thresholds. Have you looked into how others are handling ongoing monitoring once initial verification is done?

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