When U.S. Regulatory Signals Cross the Border: What Correspondent Banking Institutions Need to Know
U.S. regulatory developments often influence correspondent banking relationships beyond national borders. Learn how FATF guidance, OFAC sanctions, and cross-border compliance expectations affect international financial institutions.
Six Months In. Seven Questions for an Institution’s Mid-Year Compliance Review.
OFAC enforcement activity in 2025 signaled a clear shift in expectations. The focus moved from the outcome of a decision to the process behind it and whether institutions could demonstrate the substance of their transactions exceeds the mere form of the related legal formalities. That enforcement environment shapes where many institutions now find themselves at mid-year. Months of compliance […]
Sanctions Volatility as a Practical Compliance Challenge
Foodman CPAs & Advisors For compliance teams managing cross-border relationships, the challenge has shifted from identifying whether a concern exists at the time a decision is made to demonstrating how that decision was reached and why it remains supportable as conditions continue changing. A relationship assessed under one set of circumstances may later be reviewed […]
EU PEP Categories Under the AML Regulation: Operational Implications for Cross-Border Financial Institutions
The expansion of politically exposed person (PEP) categories under the EU AML framework is already defined in the AML Regulation. Recent developments have not introduced new categories. They have clarified how the framework will be applied and the timeline for implementation. From 1 January 2026, AMLA assumed EU-level AML/CFT responsibilities previously held by the EBA […]
Supervisory Language Shifts. Exposure Remains.
Stanley I. Foodman
Beneficial Ownership Transparency in a Cross-Border Environment
Foodman CPAs
The New Frontier of Crypto Risk: Nested Exchanges, Offshore Secrecy, and the Limits of AML Oversight
Stanley I. Foodman
CRS in Practice: How Tax Transparency Is Applied in Everyday Banking
Global tax transparency frameworks such as the OECD Common Reporting Standard CRS and FATCA are often discussed in technical or regulatory terms.
FATCA Reporting for 2026: Updated Schema Requirements and IDES Readiness
Critical IRS FATCA IDES & XML Schema Updates: What Global Advisors Must Act On in 2026
AI Governance for LATAM and Caribbean Financial Institutions: Oversight as the New Credibility Benchmark
By Stanley Foodman May 2025 In 1942, science fiction writer Isaac Asimov introduced three laws to govern intelligent machines. While visionary, these laws ultimately fell short because they couldn’t account for context, loopholes, and the inherent flaws in human-designed systems. Today, financial institutions across Latin America and the Caribbean face a real-world parallel: How do […]
The Compliance Gap in AML AI: Why Audit-Ready Tools Matter
By Foodman CPAs & Advisors 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 […]
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, CEO, Foodman CPAs & Advisors 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 […]
