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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Adrianne Appel2023-11-07T20:12:00
It’s all hands on deck at the White House to put into motion the dozens of directives in President Joe Biden’s executive order on artificial intelligence (AI), according to a senior official in his administration.
Biden made clear to his staff and agency employees that they should “pull every lever” to meet the mandates—including drafting regulations—called for in the sprawling, 63-page order, said Nik Marda, chief of staff for the Technology Division in the White House Office of Science and Technology Policy, at an AI global governance conference put on by the International Association of Privacy Professionals on Thursday. The executive order on development and use of AI was released Oct. 30.
The order aims to make AI safe for public and government use while encouraging innovation in the burgeoning field, Marda said. Its mandates cover the creation, standards, and testing of AI and AI-generated content; transparency about its use, privacy protections; and national and global security.
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News and analysis for the well-informed compliance or audit exec.
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2024-01-11T21:11:00Z By Adrianne Appel
Cyberattacks on artificial intelligence systems are increasing, so it’s important users know their vulnerabilities and try to soften the damage if they get hit, according to a new report by the National Institute of Standards and Technology.
2023-11-29T16:00:00Z By Adrianne Appel
Most compliance professionals say their teams are not using artificial intelligence to assist with compliance obligations, according to our “Inside the Mind of the CCO” survey.
2023-11-20T20:16:00Z By Adrianne Appel
The Securities and Exchange Commission has not yet implemented rules governing use of artificial intelligence but still expects regulated entities to adhere to commonly accepted practices, including disclosure, said an agency enforcement official.
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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