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Onboarding Friction for Corporate Offshore Accounts – A Recurring Headache
Anyone else finding the KYB process for offshore corporate accounts increasingly convoluted, even for established entities with clear ownership structures? The pushback on 'source of funds' documentation seems to have intensified significantly.
2 comments · 17 points
It's not just offshore accounts; onshore corporate KYB has also become notably more rigorous. The compliance burden is definitely increasing across the board.