As CFOs use AI to streamline operations, they face new compliance risks tied to accountability and algorithmic governance. CCOs must work with them to ensure transparency and oversight throughout adoption.
Best Practices
Posted inAccounting & Auditing
The new weak point in corporate accountability
ESG reporting has moved from a voluntary PR exercise to an expectation for regulators and investors, but the compliance audit gap now threatens credibility.
Posted inEthics & Culture
How to promote a positive compliance culture – and why behavior matters.
No matter what compliance managers do, people continue to disregard rules. Sandro Boeri, president of the U.K.’s Chartered Institute of Internal Auditors, says a new mandatory standard for internal audit teams can help.
Posted inRisk Management
Beyond the Binder: Policy governance in practice
Most compliance professionals have faced it: a regulator or client requests a policy, and several slightly different “final” versions appear. The issue often stems from reactive, siloed work without a unified governance framework.
Posted inTechnology
What compliance can learn from a 95 percent AI pilot failure rate
Compliance professionals have long known that systems fail when governance does. An MIT study’s finding that 95 percent of enterprise artificial intelligence (AI) pilots fail underscores how essential compliance-grade discipline is to the success of emerging technologies.
Posted inRisk Management
Risk-Based AML only works if the C-suite agrees what ‘risk’ means
Banks emphasize risk-based compliance in their AML programs, citing it to regulators and embedding it in policy, yet many institutions still handle risk very differently in practice.
Posted inEthics & Culture
Why boards can’t afford ‘absence of proof’ defenses
On a gray Tuesday morning, the audit seemed routine. A stack of binders sat on the table, the compliance officer was confident, and the regulator’s tone was cordial. Then came the question that changed everything.
Posted inRegulatory Enforcement
Tracing Illicit Crypto: How to leverage blockchain analytics for effective AML compliance
Cryptocurrency’s transparency can be exploited for laundering, ransomware, and darknet activity. Blockchain analytics helps trace funds and flag suspicious behavior.
Posted inBest Practices, Opinion
Why regulators, boards, and compliance leaders can no longer afford to defer critical choices
Decision debt is the practice of leaving key compliance decisions unresolved, and it is a crisis few compliance leaders are willing to name. Some of the world’s largest financial institutions, including Wells Fargo and Citibank, have learned this lesson the hard way.
Posted inData Privacy
Study: Compliance managers must set rules in race to adopt AI agents and copilots
More than half of all compliance teams are “actively using” or “piloting” AI applications, according to a Moody’s report. While most are focusing on streamlining routine tasks, some are developing AI agents and asking vital questions about AI decision-making.
