by Jyotsna Bucktowar | Aug 30, 2024
The AI Act is designed to ensure that AI developed and used in the EU is trustworthy, with safeguards to protect people’s fundamental rights. The regulation aims to establish a harmonised internal market for AI in the EU, encouraging the uptake of this...
by AdrianaAMLP | May 3, 2024
FINTRAC is looking to leap ahead from a technical, process and culture perspective so that it can stay ahead of the bad actors, find new and meaningful ways to collaborate with its partners and continue to deliver value and results in an ever-changing world.
by Jyotsna Bucktowar | Apr 24, 2024
The FCA want to promote the safe and responsible use of AI in UK financial markets and leverage AI in a way that drives beneficial innovation. The FCA sees beneficial innovation as a vital component of effective competition. When competition works well, consumers...
by Jyotsna Bucktowar | Apr 20, 2024
The ‘AML Survey 2024: Spotlight on Effectiveness’ revealed that only 53% of EMEA financial firms believe that current AML regulations are helpful to prevent money laundering and terrorist financing. Over a third of respondents cited an increase in regulatory pressures...
by Jyotsna Bucktowar | Apr 2, 2024
In the report, Treasury identifies significant opportunities and challenges that AI presents to the security and resiliency of the financial services sector. The report outlines a series of next steps to address immediate AI-related operational risk, cybersecurity,...
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