AI promises efficiency, innovation, and new opportunities - but are companies moving too fast in the rush to adopt it? The risks are very real, from false content to flawed decision-making, and the global regulatory patchwork is only getting more complex. The challenge now is building governance and compliance frameworks that keep pace without stifling progress.
In this episode of Corruption, Crime, and Compliance, Michael Volkov explains why an AI compliance program is essential to corporate governance today.
You’ll hear him discuss:
- Why companies need to start with a clear use case and weigh benefits against potential legal and compliance risks before rolling out AI
- The evolving patchwork of regulations, including the FTC, state-level laws in the US, and the EU’s AI Act
- How sector-specific rules in healthcare, financial services, and defense add new layers of complexity
- The two biggest risks: AI-generated false content that can cause liability and reputational harm, and decision-making systems that create unfair or discriminatory results
- What strong AI governance looks like, from board oversight and compliance officers to clear policies and cross-functional committees
- The role of training, documentation, and incident reporting in ensuring responsible, transparent AI use
- Why embedding responsible AI into company values and employee performance reviews helps build a culture of accountability
Resources
Michael Volkov on LinkedIn | Twitter
The Volkov Law Group
