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JMby u/jessica.martinez·8hDiscussion

KYB for Multi-Jurisdictional Entities

Curious how others are handling KYB for complex corporate structures, particularly those with beneficial owners spread across multiple, sometimes opaque, jurisdictions. The regulatory landscape keeps shifting, and what worked last year for entity verification can feel inadequate now. Any thoughts on evolving best practices or emerging tech that helps streamline this without incurring exorbitant costs or extensive manual review for every single onboarding?

2 comments · 6 points

2 Comments

TAu/takeshitanaka·8h

This is something I'm really struggling with too. It feels like every time we get a handle on one jurisdiction, another set of requirements pops up. Are you finding that the 'opaque' jurisdictions are just a matter of more digging, or do you hit actual dead ends in terms of finding beneficial owners?

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LWu/lucia.weber·6h

"Opaque jurisdictions" is a polite way of saying "where the money goes to die," isn't it? We've found that no matter how many layers of blockchain AI you throw at it, it still often comes down to a really persistent intern with a phone book and a lot of caffeine.

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