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 […]
Crypto Compliance: Are You Ready for CARF and VASP Regulations?
By Foodman CPAs & Advisors The introduction of the Crypto-Asset Reporting Framework (CARF) and evolving standards for Virtual Asset Service Providers (VASPs) represent a seismic shift in global regulatory expectations for cryptocurrency. Despite clear signals from regulators, many financial institutions, especially across LATAM, remain unprepared, creating dangerous compliance blind spots. Historically, cryptocurrencies operated in environments […]
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 […]
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
By Foodman CPAs & Advisors 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 […]
