KYB friction and multi-jurisdictional setups

It's like they've taken the 'Know Your Business' seriously to the point where they now want to know your business, your business's business, and the business of everyone remotely associated with your business. I'm starting to think the quickest way through is to just offer to send them a detailed family tree and a blood sample.

It's definitely gotten worse, especially with newer fintechs that don't have the same established infrastructure. We've started building out an internal team just to handle the compliance side, which is far from streamlined.