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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2023-06-16T13:00:00
Concerns in Europe that privacy protection might not be an automatic right as artificial intelligence (AI) develops might not be unfounded, according to experts.
The European Union wants to bolster tech innovation within the single market as AI is predicted to catapult economic growth, but some legislators, legal experts, and privacy campaigners have expressed fears AI use—as well as definitions of “safe AI” in the planned AI Act—might conflict with the levels of automatic protection expected under the General Data Protection Regulation (GDPR).
Birgit Sippel, a member of European Parliament who sits on the Committee on Civil Liberties, Justice, and Home Affairs, accused the European Commission of trying to “shift” the focus of data protection in the AI Act from ensuring citizens’ data is automatically protected to providing people with the tools and information to check whether they still control their data.
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News and analysis for the well-informed compliance or audit exec.
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Our lowest price ($1 per day) for one year.
Register for free
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2024-03-15T17:41:00Z By Neil Hodge
The proliferation of artificial intelligence technologies—and their reliance on publicly available data—has reinforced the need for tech developers and the companies using their solutions to ensure privacy by design and by default is at the crux of any offering.
2023-12-12T19:41:00Z By Kyle Brasseur
The European Union’s landmark legal framework to regulate artificial intelligence received political agreement, moving one step closer to official adoption.
2023-10-20T14:14:00Z By Neil Hodge
Companies need to be aware of the legal risks and liabilities associated with their use of AI-based technologies, as technology firms are not the only ones in regulators’ sights, a panel of experts discussed at Compliance Week’s Europe conference in London.
2024-07-24T15:50:00Z By Aaron Nicodemus
Financial institutions holding Russian sovereign assets that have not reported them to the Treasury Department’s Office of Foreign Assets Control are now required to do so by Aug. 2.
2024-07-23T12:29:00Z By Ruth Prickett
Compliance officers should take note of proposed laws in the U.K. with the newly elected Labor government setting the legislative agenda in the King’s Speech last week, promising consultations on enhanced employee rights and a higher minimum wage.
2024-07-22T15:50:00Z By Aaron Nicodemus
Four federal banking regulators have joined the Treasury Department’s Financial Crimes Enforcement Network in issuing a notice of proposed rulemaking that would require financial institutions to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs.
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