The KYC/AML Gauntlet and Its Impact on Prop Firm Payouts
Been chewing on the recent trend of prop firms tightening their KYC/AML screws, particularly around withdrawal requests. It feels like every time I hit a decent run and try to pull profits, the process becomes a multi-day interrogation. I get the need for compliance, absolutely, but the variability is wild. One firm, it's a quick selfie and a utility bill, another wants my firstborn's dental records, my high school report card, and a blood sample from a unicorn. This isn't just about inconvenience; it's about opportunity cost. Funds tied up for days, sometimes a week, means capital that isn't working, or worse, can't be deployed to chase a fresh setup. Anyone else experiencing this, or found a prop firm that manages this balancing act between compliance and efficiency particularly well, without being vague about it pre-funding?