Field notes on AI in business
Practical writing on AI, automation and the day-to-day work of running a business. From the team that builds and runs AI systems.
AI compliance
Why Audit Firms Are Quietly Banning Public AI Tools (and What They Use Instead)
Why Audit Firms Are Quietly Banning Public AI Tools (and What They Use Instead) Over the past 18 months, every major audit firm has issued internal guidance restricting or outright prohibiting the...
Basel IsmailMay 7, 2026
AI compliance
FATCA, CRS, and the Cross-Border AI Question for Wealth Advisors
FATCA, CRS, and the Cross-Border AI Question for Wealth Advisors Wealth advisors with international clients have been living with FATCA since 2010 and CRS since 2014, so the core reporting...
Basel IsmailMay 7, 2026
AI compliance
Insurance Underwriting AI and the State-by-State Approval Maze
Insurance Underwriting AI and the State-by-State Approval Maze If you are deploying AI in insurance underwriting, you already know there is no single federal regulator waiting to give you a thumbs...
Basel IsmailMay 6, 2026
AI compliance
Anti-Money Laundering AI and the False Positive Cost That Nobody Calculates
Anti-Money Laundering AI and the False Positive Cost That Nobody Calculates Every BSA/AML compliance officer I have talked to in the last two years has the same complaint. Their transaction...
Basel IsmailMay 6, 2026
AI compliance
Fair Lending Risk When Loan Decisions Touch AI: ECOA and Reg B for the AI Era
Fair Lending Risk When Loan Decisions Touch AI: ECOA and Reg B for the AI Era The Equal Credit Opportunity Act has been on the books since 1974. Regulation B, its implementing regulation, has been...
Basel IsmailMay 6, 2026
AI compliance
Wealth Management Platforms and the Fiduciary Standard for AI Recommendations
Wealth Management Platforms and the Fiduciary Standard for AI Recommendations Registered Investment Advisers owe their clients a fiduciary duty. This has been settled law since SEC v. Capital Gains...
Basel IsmailMay 6, 2026
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AI compliance
Cryptocurrency Exchanges, AI Compliance Tools, and the Travel Rule
Cryptocurrency Exchanges, AI Compliance Tools, and the Travel Rule The Travel Rule has been around since 1996. FinCEN finalized it under 31 CFR 103.33(g), now recodified at 31 CFR 1010.410(f),...
Basel IsmailMay 6, 2026
AI compliance
Community Banks and the Vendor Concentration Risk When Everybody Uses the Same AI Tool
Community Banks and the Vendor Concentration Risk When Everybody Uses the Same AI Tool A quiet pattern has been forming across community banking for the past two years. Dozens, then hundreds, of...
Basel IsmailMay 6, 2026
AI compliance
NYDFS Part 500 and AI: What the October 2024 Guidance Actually Requires
NYDFS Part 500 and AI: What the October 2024 Guidance Actually Requires In October 2024, the New York Department of Financial Services published an industry letter on AI cybersecurity risks. If you...
Basel IsmailMay 5, 2026
AI compliance
SR 11-7 Model Risk Management for Generative AI: A Working Framework
SR 11-7 Model Risk Management for Generative AI: A Working Framework SR 11-7 turned thirteen this year. The Federal Reserve and OCC issued it in April 2011 to formalize how banks should think about...
Basel IsmailMay 5, 2026
AI compliance
Why Your Bank's Vendor Risk Assessment Probably Has an AI-Sized Hole In It
Why Your Bank's Vendor Risk Assessment Probably Has an AI-Sized Hole In It I was reviewing a community bank's vendor risk questionnaire last week. It was thorough, well-organized, and almost entirely...
Basel IsmailMay 5, 2026
AI compliance
SOX 404 Internal Controls When Your Financial Statement Process Touches AI
SOX 404 Internal Controls When Your Financial Statement Process Touches AI If you have an AI tool anywhere in your financial close process, your ICFR documentation requirements just got more...
Basel IsmailMay 5, 2026
1,319 articles