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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-10-17T15:18:00
Technology has played a major part in helping companies improve performance and boost productivity, and artificial intelligence (AI) looks set to find even greater efficiencies—though perhaps at a higher human cost.
There have long been concerns about the impact AI-based systems can have in the workplace. In recent years, companies have run afoul of regulators by using AI tools for monitoring performance to the point of surveillance.
In 2021, food delivery companies Deliveroo and Foodinho were each fined by Italy’s data protection authority because their apps’ algorithmic rating systems—which used mathematical formulas to prioritize or penalize riders depending on how many jobs they accepted, fulfilled, completed on time, or rejected—were allegedly biased and violated the European Union’s General Data Protection Regulation (GDPR) principles around transparency and lawfulness of processing.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Register for free
Receive the CW newsletter and access CPE webcasts.
2023-04-26T18:28:00Z By Adrianne Appel
Officials at four U.S. agencies warned they are prepared to act against bias or discrimination that involves artificial intelligence.
2023-03-08T22:40:00Z By Aaron Nicodemus
The Consumer Financial Protection Bureau and National Labor Relations Board pledged to share information regarding instances of improper employer use of surveillance tools and the sale of employees’ personal information.
2023-02-28T20:35:00Z By Adrianne Appel
The Federal Trade Commission is keeping close watch on companies that use the term “artificial intelligence” when marketing their products.
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A lack of risk visibility is causing companies to reject customers–and potentially lose money–over fears they might be in danger of violating rules around anti-money laundering and sanctions regulations.
2024-07-15T16:45:00Z By Jeff Dale
The Treasury Department’s Financial Crimes Enforcement Network updated an alert first issued in February warning financial institutions of Israeli extremists fomenting violence in the West Bank.
2024-06-28T19:30:00Z By Jeff Dale
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
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