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KYB for non-US entities and FATCA implications
Curious if others are seeing increased scrutiny for KYB on non-US entities where the underlying beneficial owners might have US tax residency, specifically regarding FATCA compliance. Seems like some partners are adding an extra layer of documentation recently, even for entities with no direct US nexus beyond potential beneficial ownership.
1 comments · 2 points
We've definitely seen some tightening there. It often feels like a preemptive move to avoid potential IRS headaches, even when the actual risk seems minimal.