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.
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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 […]
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Complaint filed against EEOC chair, alleging misconduct related to anti-DEI actions
A legal nonprofit has alleged that U.S. Equal Employment Opportunity Commission (EEOC) Chief Andrea Lucas has refused to investigate harassment and discrimination claims by LGBTQ people.
Posted inArtificial Intelligence
U.K. joins global trend for AI-enabled regulatory supervision
The U.K. financial regulator is expanding its remit and planning to deploy AI to manage its increased workload. This is part of a global trend and has significant compliance implications.
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First case of its kind, DOJ hits IBM with false claims for diversity practices
In the first case of its kind, IBM has agreed to pay the federal government $17 million to settle allegations the company violated the False Claims Act by applying diversity hiring policies in federal contracts.
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Adobe agrees to $150M settlement over alleged cancellation fee violations
Adobe agreed to a $150 million settlement with the U.S. Department of Justice over accusations that it concealed software termination fees and made it difficult for customers to cancel.
Posted inUncategorized
Flops and successes: Experts at Compliance Week AI event share lessons learned with AI rollouts
A strength of artificial intelligence (AI) is its ability to detect patterns and trends in data. Organizations that deploy AI tools for that purpose have a good chance of success, especially if they employ the right guardrails.
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AI makes it possible for FINRA to monitor 1 trillion market events per day, executive said at CW event
The Financial Industry Regulatory Authority (FINRA) has welcomed artificial intelligence (AI) with open arms—and also caution.
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U.S. sees steep drop in penalties in 2025, while fines elsewhere increase
Firms worldwide got a break in 2025 on penalties for anti-money laundering (AML) failures, a new report has found.
