Can someone give me a real answer (more than just "it's KYC stupid") as to why it takes 2-4weeks to open a bank account for an institutional client?

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Because no one wants to be held accountable if they approve that account and there's an issue with that client. So they go through every channel of the bank for approvals. Once they've gathered the opinions of enough people who don't actually know the client, they open the account, which is then used for money laundering and terrorist financing.

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idk man. we did hours of KYC training and i listened to none of it

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Those who don't get paid as much as others, use other means to regain some self confidence

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Lol. The only time I've gotten pissed on the phone in the last year and a half was with a dude in KYC... to the point where I was more than willing to walk to his floor and hunt him down to stand at his desk to get something done.

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Kudos sir kudos!

No idea either

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