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June 30, 2023 | Media Mentions | Compliance Week

Experts: Pressure on compliance to begin assessing AI Act impact

A key challenge facing compliance functions is how to plan and implement an AI governance and compliance framework. Julie Myers Wood discusses the challenges and opportunities with Compliance Week.

“Compliance officers will start to understand full expectations and the risk profile of their AI exposure over time, but they need to make reasonable governance and risk decisions now.”

“AI risk exposure is in a state of flux, so it is hard for anyone to fully understand their exposure,” said … Read More

June 6, 2023 | Media Mentions | Information Week

4 Big Regulatory Issues To Ponder in 2023

Kenneth Mendelson thinks that the ADPPA is an important bill for IT leaders to watch. The highly publicized nature of data breaches and ransomware attacks highlight the necessity of maintaining compliance. “IT leaders can, and should, leverage any new regulatory requirements as a justification for increasing budgets for cybersecurity compliance,” Ken argues.

An effective cybersecurity program starts with a framework that includes a strong governance model, comprehensive policies and procedures, and a commitment to adhere to industry best practices and … Read More

June 1, 2023 | Media Mentions

How a new US law will protect the identity of whistleblowers and could reward their actions with $millions

ICYMI: “Crucially, the Act covers non-US employees, including compliance officers, rewarding them if the information they report leads to successful enforcement of US laws such as AML and Office of Foreign Assets Control (OFAC) sanctions laws.” Eric T. Young weighs in on this new Act and its effect on compliance.

“This greatly empowers compliance officers to report weaknesses in controls, or criminal and other misconduct. And it protects the whistleblower against retaliation. This Act effectively compels international organisations – and … Read More

May 16, 2023 | Media Mentions | The Fintech Times

Industry Explains How Regtech Has Evolved Since the Pandemic

Allison Spagnolo gives her take on the state of regtech in the financial industry: “The use of regtech is only going to become more widely applied throughout the financial industry. We should no longer view it as a tool for organizations that are willing to take a risk on new technologies.”… Read More