Anyone else finding the Know Your Business process for offshore corporate accounts still feels incredibly fragmented, or am I just perpetually unlucky with the compliance teams I interact with? It's like each PSP has its own unique, ever-evolving set of hoops, making any sort of scalable operational setup a constant game of whack-a-mole.
It's not just you. KYB for offshore entities is a beast, and PSPs often have varying interpretations and requirements, leading to exactly what you described. Have you tried focusing on providers known for their offshore expertise?
It's definitely not just your luck. The regulatory landscape for offshore KYB is still incredibly varied, and even within the same jurisdiction, different PSPs interpret and implement requirements quite differently. Have you found any particular regions or types of PSPs that seem to have a more streamlined process?
It's definitely not just your luck. The regulatory landscape for offshore KYB is still quite varied, and PSPs often interpret requirements differently, leading to exactly what you're describing. Are you finding specific jurisdictions or entity types to be more problematic than others?