DOJ building

News Brief

DOJ appoints first chief AI officer


On the heels of a warning by the deputy attorney general that the agency will seek stiffer penalties in cases involving the misuse of artificial intelligence, the Department of Justice announced Jonathan Mayer as its first chief AI officer.



Ten things I’m excited for at CW National 2024


A new month and a new venue but a lot of the same you love about Compliance Week’s National Conference. CW Editor in Chief Kyle Brasseur shares what he’s looking forward to most at the 2024 edition of the annual event.

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eBook: Solving the Off-Channel Communications Conundrum

2024-02-22T01:15:00+00:00Provided by

Firms attempting to meet regulatory requirements for monitoring employee use of off-channel communications for business purposes face a bedeviling number of obstacles.



LRN survey: Compliance programs shifting focus from bribery, corruption


Many ethics and compliance programs have refocused their efforts away from bribery and corruption and onto data security and privacy, complex government regulations, artificial intelligence security, and other contemporary challenges, a survey from LRN found.

Lisa Monaco


DAG Monaco: AI to be top DOJ enforcement priority


The Department of Justice will seek stiffer penalties in cases where the threat of misconduct was greater because of misuse of artificial intelligence, according to Deputy Attorney General Lisa Monaco.

Cloud Computing


Toeing the ‘fine line’ of cloud security compliance


When organizations move their data or operations to the cloud, the compliance team has their work cut out and then some, experts discussed at CW’s Cyber Risk & Data Privacy Summit.

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CPE Webcast: Beyond the hype: How to use AI in GRC

2024-02-13T14:00:00+00:00Provided by

Learn more about how and when artificial intelligence tools can be used to increase value in your governance, risk, and compliance program.

Employee monitoring


The blurred lines of employee monitoring under GDPR


The French data regulator’s fine against an Amazon warehouse manager for violating employees’ rights to privacy in the workplace once again raises questions about what constitutes an overzealous approach to employee monitoring and why companies fail to recognize the signs.



CPE Webcast: TPRM: Time to change how you approach vendor assessments

2024-02-08T14:00:00+00:00Provided by

Forward-thinking third-party risk management teams are changing the way they approach vendor assessments.

Amazon warehouse


Examining precedent set by French DPA’s Amazon employee monitoring fine


The decision by France’s data regulator to fine an Amazon warehouse manager for breaches of the General Data Protection Regulation over the way it monitored employee productivity raises questions about the reach data protection authorities have over corporate conduct.

Data privacy


Compliance with growing number of U.S. privacy laws ‘a matter of culture change’


Different deadlines associated with the 13 U.S. state privacy laws currently on the books, including grace periods and enforcement dates, have proven challenging for compliance, experts discussed at CW’s Cyber Risk & Data Privacy Summit.

AI climate


Jury out on viability of AI in ESG reporting


Tech vendors believe ESG reporting is a ripe market for artificial intelligence to help companies sift through data and ensure compliance with both mandatory and voluntary reporting standards. Compliance officers appear less sure.

Working with AI


Deloitte survey: Companies unprepared for AI governance, risk challenges


Just 25 percent of corporate leaders felt their organizations were highly prepared to handle the governance and risk issues posed by generative artificial intelligence, a Deloitte survey found.

AI finance


The pros and cons of generative AI in AML compliance

2024-01-29T14:00:00+00:00By Mario Menz, CW guest columnist

Generative artificial intelligence providers often promote their technologies as revolutionary tools that can enhance anti-money laundering processes. But the issues and shortcomings associated with the technologies must also be acknowledged.

CFTC building

News Brief

CFTC seeking comment on applications of AI in compliance


The Commodity Futures Trading Commission would like to learn more about how regulated entities might be using artificial intelligence in their compliance efforts, along with other applications.



U.K. Post Office scandal sparks contractor accountability debate


The recent furor in the United Kingdom over the Post Office’s wrongful prosecutions of sub-postmasters for alleged fraud has put the government’s relationship with private contractors under the spotlight and raised questions about how companies could be held more accountable in future.


News Brief

ICO seeking input on generative AI to inform guidance


The U.K. Information Commissioner’s Office is seeking input from developers, users, and those interested in generative artificial intelligence to help inform policy and guidance regarding the technology.

Data Analytics


FCA sets out data ambitions, challenges firms to keep pace


Experts expect improvements in the U.K. Financial Conduct Authority’s use of data and reporting means a heightened obligation for timely compliance by companies subject to its remit.

Amazon trucks

News Brief

Amazon unit fined $35M under GDPR for employee productivity tracking


Amazon’s warehouse management arm in France was assessed a penalty of €32 million (U.S. $35 million) for violating the General Data Protection Regulation by excessively tracking the productivity of employees.

Wells Fargo

News Brief

Wells Fargo unit fined $425K by FINRA over trade disclosures


Wells Fargo Securities agreed to pay a $425,000 penalty as part of a settlement with the Financial Industry Regulatory Authority addressing allegations of disclosure lapses affecting millions of trade confirmations and related supervisory failures.

Bank AML


AML pros say tech, not hiring, will keep them ahead of financial crime


A survey of financial crime professionals found that while three of every four companies added more anti-money laundering employees in 2023, nearly all respondents said growing their department’s headcount alone won’t keep up with emerging risks.


News Brief

NYDFS proposes AI use guidance for insurers


The New York State Department of Financial Services issued for public comment guidance for insurers operating in the state regarding their use of artificial intelligence systems and other predictive technologies.



Feb 27 | Orchestrating operational resilience in financial services

2024-01-13T18:23:00+00:00Provided by , by

Join us for an in-depth discussion on proven strategies, advanced technologies, and industry best practices that form the bedrock of operational resilience.

Business data


Lessons from Albemarle, ABB: How data-driven compliance can help your firm


Andrew McBride, chief risk officer of Albemarle Corp., and Tapan Debnath, head of integrity, regulatory affairs and data privacy at ABB, discussed how and why their respective organizations use data analytics to conduct business as part of a recent webcast.



NIST report: Mitigating the risks of cyberattacks on AI systems


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.



Deepfakes: A silent threat to digital integrity and AML efforts

2024-01-11T13:00:00+00:00By Rezaul Karim, CW guest columnist

Deepfakes have emerged in the digital world as a silent pandemic threatening not only our digital integrity but becoming a major risk to anti-money laundering efforts.

Fraud victim

News Brief

FinCEN analysis: Most common identity-related suspicious activities


Fraud remains the leading form of identity-related suspicious activity cited in Bank Secrecy Act reports by a large margin, while technologies enable greater overall risks around exploitation, according to new research from the Financial Crimes Enforcement Network.


News Brief

Report: Canada’s FINTRAC to increase reliance on AI


Canada’s financial intelligence agency aims to increase its use of artificial intelligence technology to improve its capabilities to analyze data and detect suspicious activity, according to an agency official.



Ten things I’d like to see happen in 2024


Election years in the United States, United Kingdom, and at European Parliament, along with ongoing geopolitical tensions, make 2024 difficult to predict—aside from the expectation compliance officers will be busy.

Rite Aid building


Compliance lessons from Rite Aid facial recognition case


The Federal Trade Commission was clear in its recent enforcement action against Rite Aid regarding its expectations for companies using facial recognition technology or any biometric security or surveillance systems.

Facial recognition


Ethical compliance for facial recognition technology

2024-01-04T14:30:00+00:00By Manorama Kulkarni, CW guest columnist

The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.


News Brief

CFTC names chief data officer to boost analytic capabilities


The Commodity Futures Trading Commission announced two appointments to its Division of Data designed to help the agency leverage analytics and emerging technologies to improve its policymaking and oversight efforts.

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Q&A: Wolters Kluwer EVP on using AI to ease data analysis


Sandeep Sacheti, executive vice president for customer information management and operational excellence at Wolters Kluwer, shares with Compliance Week how the company’s financial and corporate compliance division uses artificial intelligence to manage and analyze data.

AI globe


Shades of GDPR? Experts assess AI Act as global standard


As the European Union’s AI Act sets its sights on 2026 to take full effect, experts are concerned other key jurisdictions might introduce divergent legislation that treats artificial intelligence use differently, thus making it difficult for companies to ensure compliance.

Rite Aid

News Brief

Rite Aid gets 5-year facial recognition use ban from FTC


Retail pharmacy chain Rite Aid agreed to a five-year ban on its use of facial recognition technology for surveillance purposes as part of a settlement with the Federal Trade Commission.

Data privacy


Experts: More privacy rules, enforcement expected in 2024


Businesses can prepare for a bumpy ride as the 2024 global landscape of data privacy and other related laws and regulations begins to take shape.

EU Artificial Intelligence

News Brief

AI Act moves toward final approval


The European Union’s landmark legal framework to regulate artificial intelligence received political agreement, moving one step closer to official adoption.



Tackling off-channel communications? Don’t forget ephemeral messaging


As if creating policies and procedures to handle employee use of off-channel communications is not difficult enough, ephemeral messaging platforms can make it even more difficult to recover messages in transit.

Data on computer


Efficiency, consistency among goals of modernized TPRM program


Managing directors at KPMG share how firms are making strides in building robust third-party risk management programs for the future.

Working with AI


AI in 2024: More business use, more fraud risks


Use of generative artificial intelligence by businesses will ramp up in 2024, as will risk of AI-driven cyberattacks and fraud, according to experts.

Digital banking

News Brief

OCC risk report homes in on AI challenges to banking


Artificial intelligence was highlighted as an emerging risk to the federal banking system as part of the Office of the Comptroller of the Currency’s latest semiannual risk perspective.



DOJ official: Agency to ‘double down’ on data analytics efforts


The Department of Justice is upping its game regarding its use of data analytics to identify potential misconduct, and it expects companies to be doing the same.

AI risks


Surveys: Finance, legal execs share concerns around AI use


Finance executives and general counsel alike say their firms and leadership teams are unprepared for the risks and benefits of artificial intelligence, according to two recent surveys.

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e-Book: Goals of a modernized TPRM program

2023-12-05T19:00:00+00:00Provided by

Companies have shown a willingness to invest in technology to enhance their third-party risk management efforts. But that doesn’t mean new opportunities don’t remain.

Digital data


Survey: Companies bullish on new tech amid enhanced sanctions scrutiny


Emerging technologies like automation and generative AI are on the radar as difference-makers for businesses serious about keeping pace with increasing regulatory scrutiny toward third-party due diligence and sanctions compliance, a survey conducted by Compliance Week and Certa found.



CPE Webcast: AI and compliance: How to identify and mitigate the risks

2023-12-05T14:00:00+00:00Provided by Smarsh

Learn the implications for regulated businesses in terms of understanding how artificial intelligence like ChatGPT can be governed in order to effectively remediate its risks.



Automated decision-making tech rules added to crowded CPPA agenda


The California Privacy Protection Agency drafted its rules to apply the rights allowed to residents under the California Consumer Privacy Act to automated decision-making technology used by businesses.



Companies must hold insurers to account on AI use


Insurers embracing artificial intelligence-based technologies might pose serious risks to companies buying insurance if the risk data used to price their insurance premiums is used to train AI algorithms or shared on commonly used chatbots like ChatGPT.

Phone apps vector


Compliance officers share lack of faith in off-channel comms monitoring policies


Addressing employee use of off-channel communications for conducting business was clearly on the minds of compliance officers who responded to our “Inside the Mind of the CCO” survey, but their confidence in their related policies and procedures was surprisingly weak.

AI use


Despite AI hype, compliance remains hesitant adopter


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.