Banks, insurance companies, trust companies, casinos, and asset managers operating under regulatory scrutiny.
Regulatory expectations continue to evolve. Oversight intensifies. Decisions made across compliance, operations, and leadership are often assessed later by examiners, legal advisors, or boards, frequently with more context than was available at the time.
Common needs:
"Our bank's AML Compliance Program is now up to date. We are prepared to make internal changes when the rules change. We feel empowered and self-sufficient."
- Chief Compliance Officer, Central America Financial Institution.
Each engagement is shaped by institutional complexity, operational realities, and regulatory expectations.
A foreign financial institution received an IRS notice identifying deficiencies in its FATCA self-certifications as a participating FFI. The IRS requested corrections to previously submitted FATCA reports, validation of account holder TINs, copies of withholding certificates, and confirmation of FATCA policies and procedures.
Foodman CPAs & Advisors worked with the institution to address each requirement, correcting FATCA reports, updating compliance documentation, and refocusing the institution's FATCA Procedures Manual to reflect current requirements.
Services applied:
Topics addressed:
One engagement among many. Search "Financial Institutions" in our Insights Hub for more.
Recent articles on regulatory expectations, examination developments, and how requirements are applied across jurisdictions.
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