Considering the current economic and political environment, both globally and domestically, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). A financial institution’s SCP should be risk-based and unique to each financial institution.
Considering the current economic and political environment, both globally and domestically, it is crucial that financial institutions maintain a strong sanctions compliance program (SCP). A financial institution’s SCP should be risk-based and unique to each financial institution.
Each institution’s SCP will vary depending on its size and complexity, products and services, customers and counter-parties, and geographic locations.
A leading banking regulator has issued a stern warning over the risks that financial institutions face as they move to integrate artificial intelligence (AI) and machine learning (ML) into governance operations.
Senate Commerce Committee Chair Maria Cantwell and House Energy and Commerce Committee Chair Cathy McMorris Rodgers have unveiled the American Privacy Rights Act.
Concerns over personal privacy are intensifying among US citizens in the face of rapid AI tech development, a new study shows.
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