By Thomas Fox
The podcast currently has 24 episodes available.
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.
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For additional information check out the FCPA Compliance and Ethics Blog.
Tom Fox
YouTube
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 John Sun, the founder and CEO of Spring Labs.
Spring Labs is a pioneering advocate for viewing compliance processes as crucial drivers of business efficiency rather than mere regulatory obligations. With his extensive experience in financial institutions, John understands the profound impact of well-managed compliance on decision-making and resource allocation. He argues that leveraging AI and data analytics in compliance enhances precision and effectiveness and transforms customer feedback into actionable insights that can lead to product innovation and operational improvements. At Spring Labs, John leads the charge by developing cutting-edge AI tools that empower compliance teams, demonstrating that a proactive approach to compliance can significantly boost an organization’s ROI and drive long-term growth.
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John Sun on LinkedIn
Spring Labs
Tom Fox
YouTube
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:
Resources:
Tom Fox
YouTube
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.
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Sage Franch on LinkedIn
Scott McCleskey on LinkedIn
RuleBook AI
Regufy AI
Policy Protect AI
Tom Fox
YouTube
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.
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Vall Herard on LinkedIn
Saifr.ai
Tom Fox
YouTube
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 AI
Resources
Art Mueller on LinkedIn
WorkFusion
Tom Fox
YouTube
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.
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Lucas Croteau on LinkedIn
TracedData
Tom Fox
YouTube
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.
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Jay Rosen on LinkedIn
Tom Fox
YouTube
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 Jonathan Armstrong joins me to discuss the European Union Artificial Intelligence Act.
This podcast takes a deep dive into the EU AI Act, its current state, and its implications for AI regulation and compliance within Europe and beyond. Armstrong begins by clarifying the misconception that AI is unregulated in Europe by detailing existing cases where regulators have leveraged GDPR to address AI-related issues, including suspensions and fines against AI companies. The EU AI Act, which reached political agreement in December 2023. It has arisk-based approach, the two-year period until full implementation, and its potential impact on corporations, particularly in terms of compliance and competitive advantage.
Armstrong also considered the Act's extraterritorial reach, enforcement challenges, and the potential for high fines, drawing parallels to GDPR enforcement patterns. We covered the complexities of AI application compliance, the importance of proactive preparation by corporations, and the need for increased board-level awareness and diversity to effectively manage AI-related risks and opportunities. The podcast concludes with a Q&A session that further explores the proactive versus reactive stances of EU clients towards the AI regulatory environment, the importance of board governance in AI oversight, and the challenges posed by 'shadow AI' within organizations.
Key Highlights
· Introduction to the EU AI Act
· Exploring Regulatory Actions and GDPR in AI
· The EU AI Act: Overview and Implications
· AI Compliance Challenges and Corporate Preparation
· Board Governance and AI Oversight
· The Future of Board Diversity and AI Expertise
Resources
Jonathan Armstrong on LinkedIn
Punter Southall
Tom Fox
YouTube
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 exciting new podcast series, Compliance and AI. Hosted by Tom Fox, the award-winning Voice of Compliance, this podcast, Karen Moore joins me to discuss the proposed American Privacy Rights Act (APRA) and its intersection with artificial intelligence.
Moore has expressed cautious optimism towards the act, paying particular attention to how the Act impacts artificial intelligence and automated decision-making processes. Drawing on the act’s provisions, Moore emphasizes the importance of the preemption clause, which indicates a shift towards federal regulations superseding state laws. She also underscores the potential challenges and complexities that lie ahead for companies, especially large data holders or high-impact social media companies, in adhering to the APRA’s requirements, such as conducting design evaluations, transparency obligations, and data minimization. This perspective is shaped by her extensive background in the field and her intricate understanding of the Act’s impact on data processing and AI algorithms.
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Karen Moore on LinkedIn
Tom Fox
YouTube
The podcast currently has 24 episodes available.