Compliance

Compliance is the process of adhering to laws, regulations, and standards set by governing bodies or organizations. It involves ensuring that business practices, financial reporting, and operational activities meet these requirements to avoid penalties and maintain legal standing.

Why it’s in the news: Compliance is in the news due to high-profile penalties, new regulatory pressures, and the integration of AI into compliance systems across various industries.

Latest on Compliance

• American Express hit with $350M penalty for lax BSA/AML compliance program
• Malaysia's Myanmar outreach reflects shift in regional engagement but shouldn't come at expense of compliance: Analysts
• A Virtual Compliance Department for Every Fleet
• AML vendor Armalytix appoints legal and compliance head
• Why the rise of countersanctions is increasing compliance risks on multiple fronts
• ECI Compliance Week Monthly Membership Spotlight: Effective AI Governance
• EU AI Act enforcement begins in 12 weeks, and financial institutions are still automating without any clear line on liability.
• The EU AI Act's deadline for compliance is 11 months away, and the industry is still treating AI risk like a technical checklist.
• Europe's AI Act goes live in 180 days, and most companies still treat compliance like a checkbox exercise
• The EU AI Act's January 2025 deadline is just 14 months away, yet most financial institutions are still treating compliance as a checkbox exercise.
• That's not compliance.
• What happens when the cost of compliance exceeds the cost of innovation, and the governance frameworks themselves become the bottleneck?

Connections

40 entities linked to Compliance across the news graph.