What is the role of Artificial Intelligence in compliance? What about Machine Learning? 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, this podcast will look at how AI will impact compliance programs into the next decade and beyond. If you want to find out why the future is now, join Tom Fox on this journey to the frontiers of compliance.
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Navigating the Challenges and Opportunities of Agentic AI in Compliance (00:14:24)
What is the intersection of AI and compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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. Today, the Everything Compliance gang, led by Dr. Hemma Lomax, is considering how to navigate the challenges and opportunities of agentic AI in compliance.
In this episode, we explore the rapidly evolving landscape of Agentic AI and its implications for compliance professionals. Agentic AI, defined as AI that acts autonomously rather than just responding to prompts, presents both significant opportunities and challenges. The technology can optimize risk management and compliance workflows, but it also introduces complexities around accountability, transparency, and oversight. We discuss recent real-world examples of Agentic AI in use, such as in banks and tax agencies, and highlight potential risks, including autonomous collusion and AI agents making unethical decisions. The episode emphasizes the need for compliance teams to shift from monitoring human activities to overseeing intelligent systems, ensuring the establishment of proper guardrails. We also delve into new roles emerging in this landscape, such as AI ethics coaches and agent supervisors, and the importance of human intervention to verify AI decisions. Join the discussion to understand how to navigate this transformative technology responsibly and effectively.
Key highlights:
Defining Agent AI
Implications for Compliance and Ethics
Challenges and Risks of Agent AI
Real-Time Compliance and Risk Management
Human Oversight and AI Governance
Resources:
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Steph Holmes on the Intersection of AI and Compliance (00:30:32)
What is the intersection of AI and compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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. Today, Tom looks at the current Intersection of AI and Compliance with Steph Holmes, a long-time friend and Director, Ethics and Compliance Strategy at the EQS Group.
They discuss the evolving role of AI in corporate compliance, emphasizing its key role in modernizing compliance programs. Steph elaborates on the importance of evidence-based assessments of AI capabilities, the impact of AI on operational efficiency, and the need for human oversight in AI processes. She highlights EQS's comprehensive AI performance test, which evaluated various AI models against multiple compliance tasks. The discussion also covers practical steps for compliance professionals to begin their AI adoption journey, as well as the necessity of continuous monitoring and risk-based evaluation to ensure effective AI deployment.
Key highlights:
Steph Holmes’ Role at EQS Group
AI in Compliance: Current Landscape
AI Performance Test Report
The Messy Middle of Compliance and AI
Human Oversight in AI Implementation
Resources:
Steph Holmes on LinkedIn
EQS Group LinkedIn
Where in the Loop: Corporate Compliance Insights
EQS Website
EQS Benchmark Report: AI Performance in Compliance & Ethics
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Future-Proofing Compliance with AI: Strategies for 2026 and Beyond (00:30:32)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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. Vince Walden, founder and CEO of KonaAI and Dr. Hemma Lomax, Head of Business Integrity at Docusign discuss the evolving landscape of compliance and the increasing role of AI and automation.
They highlight the need to modernize due diligence processes, reducing large, repetitive tasks down to streamlined operations using AI. A key focus is the innovative use of AI agents proposed by Hemma, likening them to digital employees, with personalized job descriptions and onboarding plans aimed at enhancing efficiency and unleashing human talent. Vince shares practical examples of how AI can transform compliance functions by leveraging data insights from various sources like investigations, third-party risks, and employee surveys. The episode encourages compliance professionals to dream big about the future, embrace AI-driven innovation, and crowdsource intelligence to bridge the gap towards more efficient and intelligent compliance practices.
Key highlights:
Introduction to Modern Due Diligence
The Role of AI in Compliance
Creating and Managing AI Agents
Empowering Teams with AI
Real-World Applications and Examples
Resources:
konaAI
Vince Walden on LinkedIn
Dr. Hemma Lomax on LinkedIn
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Automate the Noise Away - The Future of Financial Crime Detection with Oracle's Jason Somrak (00:30:32)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 insightful episode, Tom Fox interviews Jason Somrak, Chief of Product & Strategy - Financial Crime & Compliance at Oracle Financial Services Software Limited.
They delve into Jason's professional journey, the evolving role of AI in combating financial crimes, and the proactive potential of AI in compliance investigations. Highlighting the transformative power of AI, Jason explains its applications, ranging from detection to investigation, and its impact on regulatory practices. They also discuss future emerging challenges in risk management and the collaboration between humans and AI in enhancing financial crime detection and compliance.
Key highlights:
AI's Role in Financial Crime Prevention
Proactive and Preventive Measures
AI in Investigations and Triage
Automating the Noise Away
Regulatory Interactions and Challenges
Emerging Challenges in Risk Management
Future of AI in Compliance
Corporate Culture and AI Adoption
Resources:
Jason Somrak on LinkedIn
Oracle Financial Services
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Inside AI Innovation: Jack Yu on Experian’s Cutting-Edge AI Solutions (00:30:44)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 Fox interviews Jack Yu, Director of Product Management - Generative AI at Experian.
Jack shares his journey from exploring AI on his own to playing a pivotal role in Experian’s adoption of AI as an enterprise solution. The discussion delves into Experian's strategic deployment of AI agents, their approach to responsible AI, and their efforts in fraud prevention using advanced AI technologies. Jack emphasizes the importance of transparency, collaboration, and continuous improvement in AI governance. The episode concludes with Jack's enthusiasm for the future of AI and Experian’s commitment to combining innovation with responsibility.
Key highlights:
Jack Yu's Professional Background
Journey into Generative AI
Experian's Approach to AI Agents
Responsible AI and Governance
Fraud Prevention with AI
Future of AI at Experian
Resources:
Explore Experian
Experian on LinkedIn
Jack Yu on LinkedIn
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Innovation in Repurposing Content: Sheila Slick on PodtoBook.AI (00:20:51)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 Fox speaks with Sheila Slick, an entrepreneur and founder of PodtoBook.ai, a groundbreaking tool that repurposes podcast content into books.
Sheila shares her professional journey, from teaching math to founding a mobile application company, and her passion for sharing stories. She explains how her frustration with manual transcription and content creation led her to develop PodtoBook.AI. Sheila discusses the simplicity of the tool, which converts podcast episodes into first-draft manuscripts in just a few hours. She explores various innovative applications, including creating pitch books, event summaries, and preserving family stories. The conversation highlights the vast opportunities that AI offers in content repurposing and encourages listeners to embrace technological shifts to explore new business opportunities.
Key highlights:
Sheila’s Professional Journey
Founding PodtoBook.AI
The Power of AI in Content Creation
Using Pod to Book for Business and Personal Stories
Resources:
PodtoBook.ai
Sheila Slick on LinkedIn | Instagram
Milestone Moments in Business & Leadership Podcast
Five Milestones
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Cybersecurity Insights with Robert Meyers: Privacy, Data, and AI Challenges (00:26:19)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 Fox interviews Robert Meyers, a cybersecurity and privacy expert with over 30 years of experience.
Meyers shares his professional journey, emphasizing the evolution of IT and cybersecurity practices. He discusses significant privacy challenges, including data breaches and the philosophical divide between US and European privacy laws. The conversation also covers the integration of privacy principles and cybersecurity tools, the importance of cross-functional collaboration, and the role of agentic AI in reshaping security models. Additionally, Meyers highlights his ongoing work, including his book 'Privacy Snippets for the Cybersecurity Professional,' and his dedication to volunteer work at San Diego Comic-Con.
Key highlights:
Robert Meyers' Professional Background
Early Cybersecurity Challenges
Evolution of Privacy and Security
Privacy Perspectives: US vs Europe
Role of Executives in Cybersecurity
Cross-Functional Collaboration
Innovative Cybersecurity Tools
Agentic AI and Privacy
Comic-Con and Professional Insights
Career Advice for Aspiring Professionals
Resources:
Privacy Snippets for the Cybersecurity Professional on Amazon
Robert Meyers' Profile on Amazon
Robert Meyers' on LinkedIn
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Navigating Risk Management in the AI Era with Gaurav Kapoor (00:27:16)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 Fox speaks with Gaurav Kapoor, Vice Chairman, Co-Founder, and Board Member of MetricStream.
Kapoor shares his extensive professional background and the evolving landscape of risk management and compliance, emphasizing the growing importance of cybersecurity, geopolitical risks, climate impacts, and regulatory changes, all within the context of AI advancements. He also discusses how AI can streamline GRC processes, enhance decision-making capabilities, and transform traditional compliance frameworks into more strategic risk management approaches. The conversation also explores the evolving role of Chief Risk Officers and the need for a resilient, risk-aware corporate culture.
Key highlights:
· Gaurav Kapoor's Professional Journey
· The Importance of July in Risk Management
· AI's Role in GRC
· Emerging Risks and AI Applications
· Counseling Boards on Risk Management
· Top Concerns for the Rest of 2025
· Shifting from Compliance to Risk Resilience
Resources:
MetricStream Website and on LinkedIn
Gaurav Kapoor on LinkedIn
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Using AI for Data Loss Prevention Systems with Vinay Goel (00:23:49)
What is the role of Artificial Intelligence in compliance? What about Machine Learning? Are you using ChatGPT? These questions are just 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 is joined by Vinay Goel, co-founder of Wald.ai.
They discuss Goel’s professional background, his journey to founding his company, Wald.ai, and the transformative impact of AI, particularly following the launch of ChatGPT. Goel shares insights into the compliance challenges posed by AI, the importance of secure AI usage, and how businesses can strike a balance between productivity and data protection. They also delve into democratizing workplace data through AI and the importance of privacy and identity protection in AI solutions. Goel offers practical advice for companies seeking to adopt AI responsibly, discussing the future of AI in the business world.
Key highlights:
The Inspiration Behind Wald
AI and Data Security Challenges
Compliance and AI Usage
Democratizing Data with AI
Future of AI and Compliance
Resources:
Vinay Goel on LinkedIn
Wald.ai
Revolutionizing Risk Management with John Byrne (00:32:14)
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 welcomes John Byrne, founder and CEO at Corlytics, to discuss the company’s groundbreaking ISO 42001 certification and its significance for RegTech.
They delve into the evolving role of compliance, emphasizing the transition from reactive to proactive problem-solving. John highlights the shift towards AI-centric operations at Corlytics, aiming for enhanced accuracy, consistency, and traceability in compliance processes. The conversation explores the benefits and risks of AI, including data poisoning and the practical differences between large and small language models. They also touch upon integrating compliance into core business operations, aiming for better client outcomes and speeding up processes like account opening. John envisions RegTech becoming widely accessible, benefiting even the smallest regulated players by enabling proactive business solutions and reducing bottlenecks.
Key highlights:
ISO 42001 Certification and Its Importance
AI in Compliance and Security
AI as an Everyday Tool in Banking
Large Language Models vs. Small Language Models
Data Poisoning and Its Risks
Dynamic Traceability and Policy Lifecycle
Compliance as a Strategic Risk Management Tool
Resources:
John Byrne on LinkedIn
Corlytics
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Check out my latest book, Upping Your Game: How Compliance and Risk Management Move to 2030 and Beyond, available from Amazon.com.
Navigating Regulatory Challenges in 2025 with Allison Lagosh (00:23:34)
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 is joined by Allison Lagosh, Head of Compliance at Saifr.ai, to discuss the current and future landscape of regulatory compliance.
Lagosh discusses key regulatory focus areas for 2025, including AI and its intersection with compliance, the expansion of AML rules to investment advisors, and the importance of accurate AI representation. She also touches on the challenges of an ever-changing regulatory environment, providing strategies for future-proofing compliance programs and managing uncertainty. Lagosh offers practical advice for compliance officers, emphasizing continuous education, reliance on sound vendor management, and integrating AI governance within firms.
Key highlights:
What are the key regulatory focus areas for 2025, particularly from the SEC and FINRA?
How are firms adjusting their compliance strategies to align with these expectations?
What are the new AML rules for investment advisors?
How are compliance functions currently leveraging AI technologies?
What are the practical challenges and benefits of integrating AI into a firm’s compliance infrastructure?
What can compliance officers do now to future-proof their programs for upcoming regulatory changes?
Resources:
Allison Lagosh on Linkedin
Saifr.ai
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Check out my latest book, Upping Your Game-How Compliance and Risk Management Move to 2030 and Beyond, available from Amazon.com.
Transforming Compliance Through AI with Marcelo Erthal (00:31:11)
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 is joined by Marcelo Erthal, CEO of ClickCompliance, to discuss the transformative role of AI in driving compliance.
Marcelo shares his professional background in computer science and the journey that led to the founding of ClickCompliance. He highlights the unique challenges faced by the compliance industry in Brazil and how AI can be leveraged to address these issues effectively. Marcelo delves into the innovative applications of AI by ClickCompliance, including their AI-powered whistleblower channel, and emphasizes the importance of integrating technology with human decision-making to enhance ethical practices and compliance culture within organizations. Tune in to gain insights into the future of compliance and how AI shapes the industry.
Key highlights:
AI’s Impact on Compliance in Brazil
The AI-Powered Whistleblower Channel
The Future of AI in Compliance
User Experience and Ethical Considerations
Resources:
Marcelo Erthal on Linkedin
ClickCompliance
Email Marcelo – marcelo.erthal@clickcompliance.com
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Check out my latest book, Upping Your Game: How Compliance and Risk Management Move to 2030 and Beyond, available from Amazon.com.
Harnessing AI and Innovation: A Deep Dive into Compliance and Disruption with Jag Lamba (00:36:46)
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 Jag Lamba for a discussion on the intersection of innovation and disruption.
Jag frames his thoughts on disruption through theories from Clayton Christensen and practical examples from ventures like Tesla. They explore how these concepts translate to the compliance world, particularly through the lens of artificial intelligence. Jag elaborates on the role of generative AI in streamlining third-party risk management, from data gathering to ongoing monitoring. He shares insights on embedding compliance into core business processes, reducing friction, and creating commercial value, highlighting success stories and future potential. They look into the use of RegTech for policy management and regulatory updates, emphasizing the importance of automation for modern compliance frameworks. The podcast showcases how AI can transform compliance from a costly necessity to a strategic asset that drives business efficiency and growth.
Key highlights:
Understanding Disruption and Innovation
Elon Musk’s Approach to Innovation
AI in Third Party Risk Management
The Value of AI in Compliance
RegTech for Automated Compliance
Embedding Compliance into Business Processes
Resources:
Jag Lamba on LinkedIn
Certa AI
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Harnessing Generative AI for Compliance: An Interview with Eric Sydell (00:30:48)
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 Linkedin
Vero AI
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Ali Khan on Implementing AI Risk Management Systems (00:29:43)
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
Resources
Ali Khan on Linkedin
Kandji Website
Kandji on LinkedIn and X
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Demystifying AI Integration in Compliance: Insights from the DOJ (00:17:05)
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 Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
John Sun on Enhancing Compliance Processes with AI Technology (00:26:37)
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.
Key highlights:
Insights from Complaints: Enhancing Business Operations
Compliance Processes as Business Efficiency Enhancers
Enhancing Compliance Processes with AI Technology
Enhancing Business Efficiency through AI Analysis
Enhancing Compliance Operations with AI Technology
Resources:
John Sun on LinkedIn
Spring Labs
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Navigating AI Compliance: The EC Gang Reviews the 2024 ECCP (00:23:33)
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 Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Navigating Compliance with AI – Sage Franch and Scott McCleskey on RuleBook AI (00:33:50)
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
Resources
Sage Franch on LinkedIn
Scott McCleskey on LinkedIn
RuleBook AI
Regufy AI
Policy Protect AI
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
How Saifr is Revolutionizing Financial Services Compliance-a Conversation with Vall Herard (00:26:40)
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 LinkedIn
Saifr.ai
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Art Mueller on Enhancing Financial Crime Programs with AI (00:31:08)
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
Instagram
Facebook
YouTube
Twitter
LinkedIn
Lucas Croteau on AI and Reporting within Life Sciences Compliance (00:23:24)
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 LinkedIn
TracedData
Tom Fox
Instagram
Facebook
YouTube
Twitter
LinkedIn
Jay Rosen on Emerging AI Threats in Corporate Compliance and Cybersecurity (00:09:24)
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 LinkedIn
Tom Fox
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Facebook
YouTube
Twitter
LinkedIn
Jonathan Armstrong - Understanding the EU AI Act and Its Implications (00:18:53)
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
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Facebook
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Karen Moore on The American Privacy Rights Act and AI (00:14:13)
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.
Key Highlights:
Introduction to the American Privacy Rights Act Discussion
Exploring the Preemption Clause and AI Implications
Automated Decision Making and Its Complexities
The Impact on High Impact Social Media and Large Data Holders
Data Minimization Requirements and AI Challenges
Resources:
Karen Moore on LinkedIn
Tom Fox
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Facebook
YouTube
Twitter
LinkedIn
