- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2024-02-15T17:27:00
The Department of Justice (DOJ) will seek stiffer penalties in cases where the threat of misconduct was greater because of misuse of artificial intelligence (AI), according to the agency’s No. 2 official.
Deputy Attorney General Lisa Monaco addressed the technology in remarks delivered at Oxford in the United Kingdom on Wednesday. She said AI will become a top focus area for the agency’s Disruptive Technology Strike Force, which includes representatives of the Commerce Department’s Bureau of Industry and Security and works to enforce export control laws.
“[W]e need to zero in on AI to make sure it’s not used to threaten U.S. national security,” she said. “So, going forward, that strike force will place AI at the very top of its enforcement priority list. After all, AI is the ultimate disruptive technology.”
2024-05-07T10:50:00Z By Jaclyn Jaeger
Prudent chief compliance officers should ensure artificial intelligence-related risks are being properly addressed at their businesses considering growing scrutiny being paid to the technology by the Department of Justice.
2024-04-16T19:09:00Z By Aaron Nicodemus
Gurbir Grewal, director of the Securities and Exchange Commission’s Division of Enforcement, laid out general principles for “proactive compliance” to avoid making false or misleading claims about the capabilities of artificial intelligence products and services.
2024-03-20T19:41:00Z By Jeff Dale
Data center owner Equinix boasts artificial intelligence as a boon to business when power consumption costs related to implementing AI could be detrimental to its profitability, according to short seller Hindenburg Research.
2025-07-01T23:26:00Z By Oscar Gonzalez
Since President Donald Trump took office, the U.S. Federal Trade Commission has yet to keep up the level of enforcement it had under previous chair Lina Khan. The agency, however, returned to antitrust action in the case of fuel stations, just in time for the July 4th holiday.
2025-06-25T16:29:00Z By Oscar Gonzalez
In May, three commissioners for the Consumer Product Safety Commission were abruptly fired by President Donald Trump and sued for their jobs shortly after. A federal judge has ruled that the commissioners should be reinstated, although it’s unclear whether that ruling may itself be reversed.
2025-06-19T19:28:00Z By Ruth Prickett
Fraud now accounts for around 40% of all crime in the U.K., posing a major problem for banks and consumers. Ted Datta, head of industry practice for financial crime compliance at Moody’s, warns that the risk is growing fast.
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