The Compliance Gap in AML AI: Why Audit-Ready Tools Matter
AI-powered AML tools are everywhere—but many can’t pass an audit. As the market for anti-money laundering (AML) software explodes, fueled by financial crime, regulatory pressure, and AI innovation, many platforms promise efficiency, speed, and reduced false positives. But beneath the surface lies a critical gap: audit readiness. For compliance officers and financial institutions across LATAM […]
AI Governance in LATAM: Why Oversight is the New Credibility Standard
Why Guardrails Matter More Than Ever in the Age of Quantum and DNA-Driven Processing By Stanley Foodman In 1942, science fiction writer Isaac Asimov proposed three simple laws to govern intelligent machines. They were elegant. They were clear. And, if you’ve read Asimov, you know, they failed. Why? Because context matters. Loopholes emerge. And systems […]
Compliance Is Not a Cost Center: It’s a Strategic Advantage
By Stanley Foodman, CEO of Foodman CPAs & Advisors In a global environment where regulations are rapidly evolving and oversight agencies are increasing scrutiny, many organizations are asking the wrong question: “How much does compliance cost us?” The better question is: “What does it enable us to achieve?” For too long, regulatory compliance has been […]
CRS 3.0: What LATAM Compliance Teams Need to Know Now
In 2024, the OECD introduced a major update to the Common Reporting Standard (CRS), known as CRS 3.0. While formally adopted in 2024, 2025 is a critical transition year for financial institutions and jurisdictions preparing for mandatory compliance beginning January 1, 2026, with the first reports due in 2027. For compliance officers, family offices, and […]
Navigating the Sixth Pillar: A Pragmatic Approach to AML Risk Assessment
Learn how to implement FinCEN’s sixth AML pillar with a strategic, tailored risk assessment approach. Expert insights from Stanley Foodman.
