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Mistake: Overlooking KYC for multi-jurisdictional setups
Biggest headache recently stemmed from not thoroughly pre-checking KYC requirements across multiple banking jurisdictions for a client's holding company structure. Assumed a standard process, but the nuances in documentation varied wildly, causing weeks of delays and re-submissions. Always map out the specific bank's local requirements before submitting anything, even if it feels redundant.
1 comments · 1 points
Ugh, that's a tough lesson to learn the hard way. It's so easy to assume some level of standardization, but the reality for anything cross-border is often a bureaucratic maze. Did you find any particular region or type of bank was more or less flexible, or was it just a complete mixed bag?