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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jaclyn Jaeger2023-03-07T13:30:00
In public remarks made over the last few years, multiple officials at the Department of Justice (DOJ) have said the agency is now using data analytics to detect criminal conduct—and that they expect compliance functions to be doing the same.
The idea of using data analytics for compliance purposes did not gain much traction until 2020, following publication of the DOJ’s revised “Evaluation of Corporate Compliance Programs” guidance. That guidance, in part, represented the first time the agency explicitly laid out its expectations compliance departments should be using data analytics to proactively monitor compliance risks.
In a recent webinar sponsored by EY, the chief compliance officers of Google and Uber offered insight into how their own data analytics compliance programs have evolved.
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News and analysis for the well-informed compliance or audit exec. Select an option and click continue.
Annual Membership $499 Value offer
Full price one year membership with auto-renewal.
Membership $599
One-year only, no auto-renewal.
2024-08-27T15:56:00Z By Aaron Nicodemus
The Dutch Data Protection Authority fined Uber 290 million euros (U.S. $323.7 million) for illegally transferring data on European drivers to American servers and failing to appropriately safeguard the transfers.
2024-02-07T18:00:00Z By Jeff Dale
Alphabet, the parent company of technology giant Google, agreed to pay $350 million in a preliminary settlement with shareholders over alleged data privacy violations and materially false and misleading statements linked to now-defunct social media site Google+.
2023-05-17T19:30:00Z By Aaron Nicodemus
One of the ways the Department of Justice will assess a firm’s compliance program is by judging how accessible and visible a company’s data is to its compliance function, an agency official told attendees at Compliance Week’s 2023 National Conference.
2024-10-18T12:00:00Z By Aaron Nicodemus
For all the hype surrounding generative artificial intelligence, the technology has been met with a healthy skepticism in the compliance community. Compliance practitioners want to know: Is it safe? Can it be deployed ethically? Are the risks greater than the rewards? And what should an AI acceptable use policy contain?
2024-10-11T19:20:00Z By Neil Hodge
Companies are increasingly putting their faith in AI to realize the kind of business benefits that the technology seems to promise, but they are also opening themselves up to new and potentially crippling sanctions if they are unable to answer questions that surround how AI operates.
2024-08-22T15:32:00Z By Amii Barnard-Bahn
Artificial intelligence is rapidly transforming the business landscape, and this is especially true for anyone working in compliance. But while AI offers immense potential to streamline processes, enhance decision-making, and mitigate risks, it also introduces a new set of challenges that compliance professionals must navigate.
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