By Neil Hodge2023-12-20T16:00:00
As the European Union’s AI Act sets its sights on 2026 to take full effect, experts are concerned other key jurisdictions—including the United States, United Kingdom, Canada, and China—might introduce divergent legislation that treats artificial intelligence use differently, thus making it difficult for companies to ensure compliance.
This is an especially daunting prospect, said Alastair Paterson, chief executive officer of AI tech firm Harmonic Security, considering the current AI regulation landscape of “nice words but zero penalties” is “set to change—and fast.”
The AI Act’s main thrust is to regulate AI based on the technology’s capacity to cause harm. It follows a “risk-based” approach—the higher the risk, the stricter the rules.
2024-10-17T16:22:00Z By Neil Hodge
Concerns about how robustly European member states may enforce the EU AI Act, which took effect on Aug. 1, are divided between if regulators will take a “light touch” approach or a sledgehammer for noncompliance. One thing’s for sure, the pace of AI innovation will make enforcement very difficult.
2024-04-01T13:22:00Z By Neil Hodge
The European Union’s AI Act follows a risk-based approach: the higher the risk the artificial intelligence poses, the stricter the rules. Understanding each category is key to compliance.
2024-03-27T13:27:00Z By Neil Hodge
TikTok and X are under investigation related to their respective compliance with the European Union’s Digital Services Act, while the first three companies probed under the Digital Markets Act include Apple, Alphabet, and Meta.
2025-10-08T20:08:00Z By Ruth Prickett
Private companies that are keen to trade their shares but do not wish to become listed have gained another way to trade their shares. The U.K. government completed its initial review and published rules for the system in June.
2025-10-03T21:24:00Z By Adrianne Appel
While the Trump administration may have shifted away from pursuing small, white-collar, financial crimes, its focus on health care fraud cases is as hot as ever.
2025-10-01T21:10:00Z By Neil Hodge
The U.K’.s financial regulator has given a strong indication that financial firms’ use of unauthorized devices and apps is under scrutiny and that policies around off-channel communications need to be tightened up.
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