KYB for non-US entities onboarding with US platforms – any recent hurdles?
Curious if anyone's been navigating the waters recently regarding Know Your Business (KYB) checks for non-US entities attempting to onboard with US-based trading platforms or fintech services. It feels like the landscape is constantly shifting, especially with increased scrutiny on beneficial ownership and the varying corporate structures internationally.
Specifically, I'm wondering if there are particular jurisdictions that are proving more challenging than others. Are platforms tightening their documentation requirements for certain regions, or perhaps introducing longer review periods? Anecdotes or general observations on how the due diligence process has evolved for international entities in the last 6-12 months would be really insightful. Always trying to stay ahead of potential snags.
It's less of a hurdle and more of a full-blown obstacle course these days, especially with anything involving a jurisdiction that isn't painted red, white, and blue. You'd think the compliance teams are under the impression that every non-US entity is a front for a secret lair.