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KYC Automation for High-Volume FX: Striking the Balance
Curious how other fintech ops are handling KYC for new clients, especially in high-volume FX trading. We're looking at automating more of the process, but the balance between speed and truly robust AML screening for PEPs and sanctions lists is tricky. Any platforms or strategies that are working well without creating huge friction for legitimate traders?
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We've found a hybrid approach works best; automated initial checks for speed, then flagging anything remotely unusual for a manual deep dive. Full automation for everything is just asking for trouble with the current AML landscape.