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AI & Compliance Summit notebook: ‘Think big. Start small. Scale fast.’

2024-10-09T14:35:00+01:00By

When starting artificial intelligence efforts for companies large or small, one approach compliance practitioners said they’ve found works best is to start with a specific use case.

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Photo gallery: Compliance Week AI & Compliance Summit

2024-10-09T15:08:00+01:00By

Compliance Week’s AI & Compliance Summit, held Oct. 8-9 at Boston University, gathered business leaders, academics, and government officials to discuss some of the biggest questions around AI, including business adoption standards, ethical guardrails, and its application in decision making. Check out some of the sights from the summit.

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Companies are slowing AI launches in Europe, some say European Union regulations are why

2024-10-08T13:03:00+01:00By

The European Union’s Digital Markets Act is forcing many Big Tech companies to postpone the launch of artificial intelligence-powered features, like Apple Intelligence, over user privacy and data security concerns.

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AI and government: How Trump or Harris presidency will differ on policy, regulation

2024-09-25T13:21:00+01:00By

AI may be one of the hottest things in the business world but former President Donald Trump and Vice President Kamala Harris haven’t devoted much time to discussing the technology. Still, each candidate has offered a few clues as to how they would govern over this next wave of innovation.

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An Amsterdam discussion on increased role of CCOs

2024-09-13T12:40:00+01:00By

Compliance Week and its sister organization the International Compliance Association will bring together more than 200 GRC professionals for Compliance Week Europe Oct. 15-16 in Amsterdam to discuss how they’re making sense of the constantly changing regulatory landscape.

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AI Governance Benchmarking Survey

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This is a Compliance Week Survey, sponsored by GAN Integrity. It is completely anonymous and designed to help benchmark the approaches compliance is taking to AI Governance. Results will be shared by Compliance Week and GAN Integrity in the form of a benchmark report.

More from Compliance Week

Pharmaceuticals

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Cassava Sciences settles with SEC for $40M over skewed Alzheimer’s drug data

2024-09-27T18:00:00+01:00By

A former Alzheimer’s researcher manipulated the results of a Cassava Sciences drug, with the pharmaceutical company and its former chief executive reaching a $40 million settlement with the Securities and Exchange Commission over allegedly misleading the public.

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FinCEN, OFAC sanction crypto platforms linked to Russia, cybercrime

2024-09-27T13:36:00+01:00By

U.S. and European law enforcement agencies have announced sanctions against two Russia-linked cryptocurrency platforms in their ongoing chase to snuff out Russian-linked financial platforms that assist cybercriminals.

Accounting

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Five firms fined by PCAOB for alleged communications, reporting failures

2024-09-26T16:13:00+01:00By

The Public Company Accounting Oversight Board fined five consultancies, including Ernst & Young, as the agency continues its crackdown on firms violating audit committee communications rules and reporting requirements.

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AAR Corp. discloses former exec implicated in Nepal, South Africa FCPA violations

2024-09-25T20:22:00+01:00By

Aviation maintenance services provider AAR Corp. disclosed that several former employees may have bribed officials in Nepal and South Africa to win contracts, and chose to self-report violations of the Foreign Corrupt Practices Act to authorities in the U.S. and U.K.

SEC

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SEC to host Nov. 7 virtual compliance seminar for investment advisers

2024-09-24T19:00:00+01:00By

The Securities and Exchange Commission will host a virtual national seminar on Nov. 7 targeted toward chief compliance officers at investment companies and investment advisers.

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Regs levy $120M in fines over off-channel comms with two firms avoiding penalties

2024-09-24T15:31:00+01:00By

Regulators continue to hammer firms with fines for violating rules regarding the use of unapproved communication methods by employees, issuing $120 million in fines this week. And for the first time, two firms were not fined because they self-reported their violations.

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How lax compliance led three defense companies to give military secrets to U.S. adversaries

2024-09-24T15:10:00+01:00By

There are dozens of ways foreign countries can get their hands on U.S. military secrets, including cyberhacking, espionage, theft, and more. But one increasingly concerning way has been through unintentional disclosures by trusted defense contractors, including Boeing, 3D Systems Corp., and RTX Corp., parent company of Raytheon.

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