Compliance and AI

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 visits with Kunal Vankadara, CEO & Co-founder at Haast, about using AI to help regulated organizations scale compliance as content volume explodes and regulatory scrutiny increases. Kunal, a former attorney and ex-BCG consultant, describes how manual marketing and public-content review once worked when content cycles were slower, but he is now overwhelmed by AI-driven content creation, channel proliferation, and personalization. He explains that many compliance decisions are subjective and tied to organizational risk tolerance, which Haast “teaches” to AI agents to provide first-line content review, reduce iterations, and route only gray-area items for human approval. The discussion covers managing “false positives” via risk-tolerance tuning, creating competitive advantage through speed-to-market and personalization, using an ROI calculator focused on business outcomes, and making regulatory changes more actionable across the business. Key highlights: Why Manual Review Broke Why AI Fits Compliance Scaling Risk Tolerance Handling False Positives Compliance as Advantage Speed to Market Examples ROI Calculator Explained Resources: Kunal Vankadara on LinkedIn Haast Website: Haast Website LinkedIn: Haast LinkedIn Tom Fox Instagram Facebook YouTube Twitter LinkedIn

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.

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.

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

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

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

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

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