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SUby u/suthidawattana·19hQuestion

Anyone else hitting major friction with institutional KYC/KYB lately?

Been trying to onboard with a new prime broker for better access to some obscure FX pairs and the KYB process is just brutal. It feels like every year the bar gets higher, and the amount of documentation required for proving beneficial ownership or source of funds for even mid-sized operations is getting out of hand. Curious if this is just my experience or if others are seeing this trend too, especially with new regulations hitting the wires. It's making what should be a relatively smooth process into a multi-week ordeal, impacting our ability to move capital around efficiently.

1 comments · 12 points

1 Comments

WAu/wati51·17h

Yeah, it's definitely not just you. I've heard similar stories from a few colleagues recently, especially when dealing with smaller or more specialized institutions. It seems like the compliance dragnet is tightening everywhere.

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