The next phase of AI regulation will not wait for the Executive Branch, Congress, or the lawyer at the end of the release cycle. Compliance evidence has to be assembled while the system assembles, or it will not assemble fast enough.
Top Stories
Posted inBest Practices
Still Wildly Effective: A look at the updated edition of ‘How to Be a Wildly Effective Compliance Officer’
Ten years ago, when the virus we feared was Zika and artificial intelligence was a dream of the founders of a new nonprofit called OpenAI, books in the compliance field focused almost exclusively on the law and technical issues.
Posted inData Privacy
Companies should brace for scrutiny, fines after EDPB’s latest GDPR investigation
The European Data Protection Board has made checking organizations’ compliance with the GDPR’s transparency requirements a key area of focus for the coming year under its Coordinated Enforcement Framework.
Posted inAML
Most FS firms expect to miss EU AML deadline amid data and due diligence challenges
Two-thirds of financial services firms will not be able to meet the requirements of the EU anti-money laundering package when it comes into force in July 2027.
Posted inRisk Management
AI governance: The new compliance imperative
Artificial intelligence has moved from the innovation lab to the operating core of the modern enterprise. That shift has profound implications for corporate compliance professionals. AI is no longer simply a technology issue for the CIO, a legal issue for the general counsel, or a cybersecurity issue for the CISO. It is now a governance […]
Posted inArtificial Intelligence
New code for AI Act compliance will be ‘de facto’ standard, say experts
The European Union has issued updated guidance to help companies better understand—as well as comply with—the transparency requirements that underpin the bloc’s groundbreaking legislation aimed at ensuring safe AI use.
Posted inAccounting & Auditing, Artificial Intelligence, Finance, Top Stories, United Kingdom
Auditors who use AI cannot blame the tech for mistakes, says U.K. regulator
The U.K.’s audit regulator has issued what it says is the world’s first guidance on the use of generative AI and agentic AI in auditing. This sets out where AI should and shouldn’t be used in auditing, and why audit firms will not be able to blame the tech if it goes wrong.
Posted inFinance
Lloyds IT glitch: Key lessons for compliance
IT outages seem to be increasingly prevalent in the financial services sector, despite a firmer focus on technical resilience by regulators both in the United Kingdom (U.K.) and the European Union (EU). A recent tech glitch that hit a major U.K. bank should compel compliance teams in the sector to review their IT security and incident reporting at the very least, say experts.
Posted inFinance
U.K. Targeted Support narrows advice-guidance gap, raises compliance stakes
The U.K.’s Targeted Support Scheme, intended to provide millions of people with a newly created category of affordable regulated financial advice, went live on April 1. The U.K. government billed the scheme as a “once in a generation” change that will help millions to navigate their financial lives more effectively.
Posted inOpinion
Iran blockade: 5 top tips for compliance officers
The continuing United States and Israel-led campaign against Iran and the blockade of the Strait of Hormuz have created numerous difficulties for companies both directly and indirectly. Experts set out the top five key issues that compliance officers face due to the ongoing situation in Iran:
