Compliance and AI

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this episode, Tom is joined by Eric Sydell, co-founder and CEO of Vero AI, to discuss the intersection of AI and compliance.Eric shares his unique journey from industrial psychology to HR technology and ultimately to the realm of compliance through AI. They explore how Vero AI utilizes generative AI to analyze and interpret vast amounts of unstructured data at scale, such as text, video, and imagery. Eric emphasizes that AI provides a scalable solution for compliance processes, reducing manual labor and increasing efficiency.Eric discusses the importance of AI governance in compliance, particularly in light of emerging standards like ISO 42001 and the EU AI Act. He introduces the Vero AI’s Violet Impact Model, which provides a comprehensive framework for evaluating the impact of algorithms and complex systems. The conversation covers practical applications of Vero AI in corporate procurement and risk management, highlighting how the tool can assist compliance officers in continuously monitoring and improving their compliance programs. Eric concludes by explaining how businesses can reach out to learn more about implementing these advanced AI-driven solutions.Key highlights: Generative AI and Unstructured Data AI in Compliance and Predictive Models AI Governance and Monitoring The Violet Impact Model Vero AI in Risk Management and Procurement Resources:Eric Sydell on LinkedinVero AITom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? We will explore these three questions in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this episode, Tom is joined by Ali Khan, Head of Governance Risk & Compliance at Kandji and an Advisory Board Member (CAB) at Drata.This episode discusses the essential steps to effectively implement an artificial intelligence management system, as defined by ISO 42001. They start by understanding the standard requirements and expectations, performing a scoping exercise and gap assessment, and securing management’s commitment to the project. Key steps include revamping the risk assessment process to align with ISO 23894, which guides managing AI-related risks and using the NIST AI risk management framework. The design and implementation phase involves creating various AI policies, integrating AI deployment plans, and performing impact and risk assessments. They also discuss Kandji’s internal audit plan, third-party vendor assessment processes, and security awareness training to include AI-specific considerations. The beauty of ISO 42001 is its applicability to organizations of any size and industry that develop, produce, or use AI products or services.Key highlights: Understanding the Standard Requirements NIST AI Risk Management Framework Design and Implementation Creating AI Policies and Procedures Performing AI Impact and Risk Assessments Steps Taken for ISO 42001 Implementation ResourcesAli Khan on LinkedinKandji WebsiteKandji on LinkedIn and XTom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this episode, Tom reflects on recent DOJ speeches on AI and the 2024 ECCP revisions concerning AI and compliance.Tom discusses Deputy Assistant Attorney General Nicole Argentieri’s September speech and the 2024 Evaluation of Corporate Compliance Programs (ECCP). He also unpacks how compliance professionals are expected to manage AI-related risks rigorously. He offers actionable steps, such as conducting comprehensive risk assessments, implementing robust compliance controls, and ensuring ongoing monitoring and employee training. This episode is essential listening for compliance professionals aiming to stay ahead of AI-related challenges and align with the DOJ’s latest expectations.Key highlights: DOJ’s New Approach to AI in Compliance Steps to Align Compliance Programs with DOJ Expectations 2024 ECCP: Key Questions for Compliance Professionals Proactive Strategies for Managing AI Risks Resources:For additional information check out the FCPA Compliance and Ethics Blog.Tom FoxInstagramFacebookYouTubeTwitterLinkedIn

John Sun, Founder and CEO of Spring Labs, reveals how AI is revolutionizing compliance in financial institutions. He emphasizes that compliance should be viewed as a strategic asset that drives business efficiency rather than just a regulatory hurdle. With a focus on customer feedback, he discusses how AI enhances operational processes and decision-making. Sun also addresses the challenges startups face in compliance and the role of innovative tools in empowering compliance teams for improved resource allocation and ROI.

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance.In this episode, Matt Kelly leads the Everything Compliance quartet of Susan Divers, Jonathan Marks, Karen Moore and Tom Fox through a look at Compliance and AI from the prism of the 2024 Evaluation of Corporate Compliance Programs (ECCP).Kelly examines the complexities of integrating artificial intelligence into corporate compliance frameworks, highlighting the DOJ's recent guidance on managing AI risks as laid out in the 2024 ECCP. In Deputy Attorney General Nicola Argentieri’s SCCE speech, she noted the overlooked AI risks and compliance requirements, emphasizes the need for businesses to assess both internal AI applications and external threats from malicious uses by scammers or fraudsters. The gang then delved into the dual aspect of AI risk - its creation and reception - and underlining the importance of comprehensive risk assessment and control measures in AI deployment, such as developing bug bounty programs and ensuring anti-fraud mechanisms are robust. We explored the role of compliance officers in AI oversight, focusing on the challenges in governing AI-generated decisions compared to human actions. With various insights on the legal and operational aspects of AI compliance, the discussion urges companies to evaluate the implications of AI use, both in risk management and ethical execution.Kelly examines the complexities of integrating artificial intelligence into corporate compliance frameworks, highlighting the DOJ’s recent guidance on managing AI risks as laid out in the 2024 ECCP. In Deputy Attorney General Nicole Argentieri’s SCCE speech, she noted the overlooked AI risks and compliance requirements and emphasized the need for businesses to assess both internal AI applications and external threats from malicious uses by scammers or fraudsters.The gang then delved into the dual aspect of AI risk—its creation and reception—and underlining the importance of comprehensive risk assessment and control measures in AI deployment, such as developing bug bounty programs and ensuring anti-fraud mechanisms are robust. We explored the role of compliance officers in AI oversight, focusing on the challenges in governing AI-generated decisions compared to human actions. With various insights on the legal and operational aspects of AI compliance, the discussion urges companies to evaluate the implications of AI use, both in risk management and ethical execution.Key Highlights: Understanding AI Risks Compliance Guidelines for AI AI in Fraud Prevention Challenges in AI Oversight Compliance Officers and AI Model Validation and AI Resources:Tom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many questions we will explore in this cutting edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance. In this episode, Tom visits with Sage French, CEO and co-founder of Rulebook, and Scott McCleskey, a member of Rulebook's board of advisors, who discuss their innovative AI-driven solutions for regulatory compliance.Franch describes his extensive background in AI, emphasizing its transformative impact on driving business growth and organizational resilience. McClesky, with over 30 years in compliance, highlights the challenges of navigating complex regulatory environments and the siloed nature of compliance functions. The conversation explores Rulebook's AI tools like Regufy and PolicyProtect, which enhance compliance professionals’ abilities by processing vast amounts of regulatory information quickly, thus aiding in proactive and informed decision-making. Moreover, the discussion challenges misconceptions about AI, suggesting that it should augment rather than replace human capabilities, offering support in managing compliance risk proactively and efficiently. The episode concludes with insights into the potential future evolution of compliance tools and the role of AI in wider regulatory contexts.Key Highlights Challenges in Regulatory Compliance AI's Role in Compliance Misconceptions About AI AI Supporting Compliance Professionals Rulebook AI's Human-in-the-Loop Approach Future of AI in Compliance ResourcesSage Franch on LinkedInScott McCleskey on LinkedInRuleBook AIRegufy AIPolicy Protect AITom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are but three of the many questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance.In this episode, Tom visits with Vall Herard, CEO of Saifr.ai, which is aimed at transforming compliance in the financial services industry.Saifr.ai is an AI company aimed at transforming compliance in the financial services industry. Herard shares his professional background, the founding and objectives of Saifr, and the company’s innovative AI solutions, including marketing communications compliance, electronic communications compliance, and AML/KYC capabilities. We cover how Saifr.ai uses AI to help compliance officers by providing tools that streamline their work and embed compliance checks in everyday processes. Herard also touches upon AI ethics, adaptive risk management, and the future of AI in compliance. He hints at upcoming innovations, including the compliant adaptation of large language models like ChatGPT for financial services.Key Highlights: Saifr AI’s Core Capabilities KYC and AML Innovations Creating a Culture of Compliance AI Ethics in Compliance Adaptive Risk Management Future of AI in Compliance Resources:Vall Herard on LinkedInSaifr.ai Tom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance.In this episode, Tom visits with Art Mueller, a thought leader in using AI to help fight financial crime.Art Mueller, a seasoned expert with over 20 years in compliance programs and anti-financial crime initiatives, offers a transformative perspective on the role of AI and machine learning in financial crime programs. As the current lead at WorkFusion, he emphasizes the critical shift from manual processes to AI and automated solutions, enhancing efficiency and significantly reducing false positives. Mueller champions using AI to provide valuable insights into client risks and transactions, thereby improving job satisfaction for analysts and decreasing turnover rates. Drawing on his extensive field experience, he highlights the substantial advancements and benefits these technologies bring to risk management and mitigation in the financial sector through AI.Key Highlights·      Financial Crime Prevention Solutions with AI Technology·      AI-enhanced Adverse Media Screening for Compliance·      Enhancing Risk Management Through Anomaly Detection with AI·      Enhancing Financial Crime Programs with AIResourcesArt Mueller on LinkedInWorkFusionTom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These are but three of the many questions we will explore in this cutting-edge podcast series, Compliance and AI, hosted by Tom Fox, the award-winning Voice of Compliance.In this episode, Tom visits Lucas Croteau, a leader in life sciences compliance.This podcast delves into Lucas’s professional journey, his work with transparency reporting for companies, and his tenure with MediSpend, which led him to co-found TracedData. Croteau discusses his target market, primarily small to midsize pharmaceutical, medical device, and biotech companies, and the pressing need for transparency and compliance in these industries. The conversation also explores the role of artificial intelligence in compliance reporting, the challenges of managing regulatory requirements globally, and the importance of strategic partnerships for efficient compliance programs.Key Highlights: Lucas Croteau ‘s Professional Background Founding TracedData and Market Needs Making Compliance Easy with TracedData Data Capture in Life Sciences Compliance AI in Compliance Reporting Global Regulatory Challenges Future of Life Sciences Compliance Resources:Lucas Croteau on LinkedInTracedDataTom FoxInstagramFacebookYouTubeTwitterLinkedIn

What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT?These questions are but three of the many questions we will explore in this exciting new podcast series, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, in this podcast Jay Rosen joins me to discuss AI and fraud risk management.Jay Rosen delves into the escalating influence of AI in corporate fraud, with historical and modern examples. A recent case from Hong Kong highlights how deepfake technology can be used to deceive employees. The speaker outlines three main AI threats: real-time deepfakes, AI-enabled evasion tactics, and manipulation of AI models.It outlines strategies for corporations to mitigate these risks, including training on deepfake detection, ensuring secure data access, and implementing dual authorization processes. The goal is to prepare compliance departments for the AI-driven era of corporate crime.Key Highlights: Introduction to AI and Corporate Fraud The Rise of AI in Cybersecurity and Fraud Emerging AI Risks and Compliance Challenges Key Areas of AI-Enabled Fraud Deep Fake Technology and Corporate Impersonation Mitigating AI Risks in Corporate Environments Strategies for Handling Deepfakes and Model Manipulation Resources:Jay Rosen on LinkedInTom FoxInstagramFacebookYouTubeTwitterLinkedIn