AI use creates hidden knowledge transfer to providers, raising governance, IP, and third-party risk issues. Compliance officers need to define ownership boundaries and contract protections around AI interactions.
AI
Posted inOpinion
Chris Clarke, CCO at Bloomsbury Money, explains why asset tokenization and risk-based compliance are key FS trends
An early role in AML and due diligence in a client-facing role gave Chris Clarke his first taste of compliance. His background in Jersey, an international financial center that services global markets, made financial services an obvious choice.
Posted inRegulatory Policy
By creating a new AI and exams position, SEC may be ramping up Marketing Rule enforcement
The SEC has created a new position on AI and examinations for broker-dealers and investment advisers. The move should signal to regulated entities that the SEC may begin applying more sophisticated AI tools to scour advertisements made by firms for false or misleading claims
Posted inBest Practices
The hidden compliance cost of building AI-based AML tools in-house
“We can build that internally” sounds like control and savings — until the subject is AML risk assessment technology. A simple internal build can quietly become a governance liability. The real question isn’t whether the tool can be built, but whether it can be governed.
Posted inArtificial Intelligence
Companies risk violating data, consumer laws over agentic AI use
Companies are at increased risk of violating Europe’s tough privacy laws because boards have little awareness of the different types of AI or their inherent risks. While many organizations are more familiar with predictive and conversational AI tools, such as chatbots that carry little or no discernible risk, they have not grasped that generative AI—and especially agentic AI—are different animals.
Posted inArtificial Intelligence
No new rules as U.K. financial services sector champions AI
There are no new rules on the horizon as U.K. financial services firms embrace “AI-enabled, continuous and delegated services,” but a report warns that the technology could reshape the sector by 2030 in terms of how firms operate, consumers make decisions, markets compete, and risks emerge.
Posted inBest Practices
AI, Data, and the Compliance Mandate: Lessons from APAC
AI governance is no longer a future-state exercise. It is a current control environment issue.
Posted inSurveys & Benchmarking
Does the compliance function influence business strategy in your organization? Two in every three compliance officers say yes.
Two of every three respondents to the Inside the Mind of the CCO survey reported that the compliance function influences business strategy within their organization.
Posted inArtificial Intelligence
Littler Survey: AI and data privacy issues top of mind for employers
AI ranked as the top issue that’s expected to impact workplace policy changes over the next 12 months, even more so than DEI)and immigration enforcement matters, according to findings from law firm Littler’s 14th Annual Employer Survey.
Posted inSurveys & Benchmarking
Compliance officers grapple with AI risks as upper management pushes adoption
It’s clear that AI is a reality for compliance. Introducing new technology slowly was the norm, but AI has been given the fast track in organizations both big and small, across all industries.
