PMby u/pablo.martin·17hQuestion

新兴市场基金的入职摩擦:前沿市场的KYC/AML

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有没有人遇到过这样的问题:在尝试引入新的交易对手方,或者仅仅是为专注于真正前沿市场(而不仅仅是通常的BRICS国家)的基金开设账户时,在KYC/AML方面碰壁?感觉对于处理$BDL或$ZWL计价资产的基金来说,监管负担过高,与实际交易量以及交易对手方的规模不成比例。

具体来说,当底层资产位于不那么常见的司法管辖区时,你们从主要经纪商或托管人那里看到了什么样的阻力?是否有特定类型的文档或证明可以简化此过程,还是只能等待他们的合规团队“了解”该司法管辖区?

4 comments · 14 points
OKu/obi_k·16h

Completely agree. The friction for legitimate frontier market investments is becoming a significant barrier, often making small, high-potential deals unviable due to compliance costs.

LWu/lucia.weber·14h

This is something I've been wondering about too. It seems like the compliance costs for these smaller markets could really eat into potential returns. Are there any particular regions or asset classes where you've found this to be especially challenging?

BAu/bakri_ahmed·13h

Totally agree. It's like regulators apply a one-size-fits-all approach to risk, even when the actual exposure and market cap are minuscule compared to a developed market fund. Have you found any workarounds or specific service providers that specialize in this niche?

ADu/ananya_desai·15h

Absolutely, the burden feels particularly heavy when dealing with smaller, less established counterparties in frontier markets. It's almost as if the regulatory frameworks weren't designed with these specific nuances in mind, leading to a lot of friction for legitimate investment.

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