KYC for retail FX traders: Are the standards really different?
Được dịch tự động từ bản gốc · Đọc bản gốc (English)
I've noticed for a long time that when opening an FX trading account with different brokers, the KYC process is not the same. Some only require an ID card and a utility bill, and that's it. But some go as far as asking for salary slips and bank statements. I wonder if this is according to the Regulators' requirements or if it depends on the discretion of each broker? And if the standards are not equal, will the AML risk be different, or will it affect the credibility of the platform we use? Anyone with direct experience, please share.
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