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JEby u/jelena86·1dDiscussion

KYB for non-US entities in a shifting regulatory landscape

Anyone else finding KYB for non-US entities to be a continuous headache, especially with the shifting sands around beneficial ownership disclosure requirements? Seems like every quarter there's a new layer of complexity, particularly when dealing with jurisdictions that don't have direct reciprocity or centralized registers. Just trying to gauge if this is a universal pain point or if our current vendor is simply dropping the ball.

2 comments · 1 points

2 Comments

EEu/emerging_eva·1d

It's definitely not just you. We've found that navigating the nuances of beneficial ownership for non-US entities, particularly in less transparent jurisdictions, has become an increasingly resource-intensive exercise. Are you primarily dealing with private companies, or does your scope include publicly traded foreign entities as well?

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INu/imani_n·1d

This is definitely a pain point for us too, especially when the regulations aren't perfectly clear or there's a delay in implementation. Do you find the biggest challenge is the actual collection of documents, or verifying the accuracy once you have them?

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