compliance

In general, compliance means conforming to a rule, such as a specification, policy, standard or law. Regulatory compliance describes the goal that organizations aspire to achieve in their efforts to ensure that they are aware of and take steps to comply with relevant laws, policies, and regulations.

Source: merriam-webster.com

Prosecutors to Consider Companies’ Use of AI When Assessing Compliance Programs
Prosecutors to Consider Companies’ Use of AI When Assessing Compliance Programs
September 24, 2024  |  artificial intelligence

Companies’ use of artificial intelligence (AI) is one of the things prosecutors will look at when assessing their compliance programs during investigations of criminal offenses...

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AI Regulation: Experts Ask for US Oversight as Diligent Debuts EU Compliance Tools
AI Regulation: Experts Ask for US Oversight as Diligent Debuts EU Compliance Tools
September 18, 2024  |  artificial intelligence

As artificial intelligence (AI) experts urge for greater transparency and oversight in a Senate testimony, California is enacting laws protecting actors from unauthorized AI cloning,...

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US Accounting Giants Ready Themselves for New Quality Control Standards
US Accounting Giants Ready Themselves for New Quality Control Standards
September 10, 2024  |  Regulation

Where there is smoke, there tends to be fire. But where there exists the repeated appearance of deficiencies in the audit process of a business,...

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Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
Sedric Raises $18.5 Million for AI-Powered Compliance Platform for Financial Institutions
September 05, 2024  |  Investments

Sedric AI has raised $18.5 million in a Series A funding round to continue developing and promoting its artificial intelligence (AI)-powered compliance platform for financial...

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Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses
Sovos President: 2024 Has Been ‘Stark Realization’ for Businesses
September 05, 2024  |  Opinion

Companies need a long-term strategy when it comes to tax and compliance so that no one event or outside factor can disrupt operations, Sovos President...

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SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
SEC Says 6 Credit Rating Agencies Failed to Preserve Electronic Communications
September 03, 2024  |  Legal

The Securities and Exchange Commission (SEC) has charged six credit rating agencies with “significant” recordkeeping failures in maintaining and preserving electronic communications. The firms have agreed...

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The Convenience-Compliance Conundrum in Cross-Border B2B Payments
The Convenience-Compliance Conundrum in Cross-Border B2B Payments
September 03, 2024  |  B2B Payments

Seamless cross-border B2B payments remain one of the white whales of the connected economy. And with the news Friday (Aug. 30) that Bridge has raised an...

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Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
Lloyds and Cleareye Launch AI-Centric Trade Finance Partnership
September 03, 2024  |  artificial intelligence

Lloyds Bank has launched a collaboration with artificial intelligence (AI) platform Cleareye.ai. The partnership, announced Tuesday (Sept. 3) and said to be the first of...

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Banks Tap AI for Estate Management and Compliance
Banks Tap AI for Estate Management and Compliance
August 27, 2024  |  artificial intelligence

Artificial intelligence (AI) is giving financial institutions new tools to meet their goals. Wells Fargo’s AI-driven estate management is boosting customer satisfaction, while Treasury Prime...

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