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Join us August 22 for a discussion with BDO USA on enhancing compliance programs, trends in enforcement, including AI, and how organizations respond to enforcement activity by leveraging data to adopt a holistic approach towards compliance. https://lnkd.in/gJUEzNCF

The Countdown Begins! In just a few days, RegTech.ID will be at the Tech in Asia Conference 2024, ready to showcase our game changing AI-powered compliance solutions. We're not just improving compliance, we’re revolutionizing it. Our technology makes regulatory processes faster, smarter, and more cost-effective, setting a new standard for the industry. 📅 October 23-24, 2024 📍 Ritz-Carlton Pacific Place, Jakarta Curious about how AI can completely transform compliance and give your business a competitive edge? Don’t miss out join us and be part of the future of compliance, powered by AI. We’re counting down to something BIG. See you there!

Top of the mind for businesses dealing with data and AI across borders: 👉 Regularly check for changing trends in AI and data law. Have contingency in place and be prepared for new rules that might affect the company's business. For instance, China is considering an AI focused law that will aim to protect China’s national interests. Also, the U.S. is putting forward new rules which will prohibit transferring sensitive data, like genomic and health data to its foreign adversaries, including China, Russia and North Korea. 👉 Evaluate the sensitivity of the data your business handles. As there is a global trend toward prioritizing national interest, storing data within the country of origin may provide greater regulatory certainty and reduce compliance risks.

Singapore: With the Over-use, Mis-use and wrong-use of Digital Technologies, the digital crime ratio is increasing all over the world. I have an idea, if AI driven, Integration of IT laws and Media laws is executed, it will boost up the awareness about laws and resultantly, crime ratio is decreased. Maybe Iconduct a PhD Desertion on it and prove it.

Singapore: With the Over-use, Mis-use and wrong-use of Digital Technologies, the digital crime ratio is increasing all over the world. I have an idea, if AI driven, Integration of IT laws and Media laws is executed, it will boost up the awareness about laws and resultantly, crime ratio is decreased. Maybe Iconduct a PhD Desertion on it and prove it.

China has accumulated 378,000 effective artificial intelligence (AI) invention patents with a year-over-year growth rate exceeding 40%, according to data released by the country’s leading intellectual property regulator. Read more: https://lnkd.in/gt-AXweE #Patent #PatentProtection #Patented #PatentPending #Patents #IntellectualProperty #IP #IPNews #WIPO #China #AI #GenerativeAI

As technology continues to evolve rapidly, the regulatory framework governing these innovations remains vibrant and multifaceted. Understanding the interplay between technological advancements and legal regulations is essential for businesses to thrive in today’s environment. Chandhiok & Mahajan, Advocates and Solicitors, TMT Wrap-Up, provides concise updates on key developments in technology, media, and telecommunications law across the globe. Each issue delivers essential insights into policy changes, legal trends, and regulatory matters shaping the digital landscape. In this issue, we have covered important news updates from India and around the globe for the month of September, 2024. https://lnkd.in/ggW6T3eA #tmt #privacy #artificialintelligence #AI #chandhiokmahajan

🌐 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗚𝗹𝗼𝗯𝗮𝗹 𝗔𝗜 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻: 𝗔 𝗧𝗮𝗹𝗲 𝗼𝗳 𝗧𝘄𝗼 𝗔𝗽𝗽𝗿𝗼𝗮𝗰𝗵𝗲𝘀 As #AI technology continues to advance, regulatory approaches vary significantly across regions. In Southeast Asia, regulators are adopting a 'light touch' approach to encourage innovation and growth, while China and the EU are imposing more stringent regulations to address risks and enforce accountability. This divergence creates both opportunities and challenges for companies operating across borders. 💡 RWS Legal specialises in global compliance and cross-border legal translation, helping businesses adapt their #AI policies to meet regulatory standards in any jurisdiction. ✉️ Connect with RWS Legal to ensure compliance and build trust in every market: https://lnkd.in/eHghRqjz. #RWS #RWSLegal #AIRegulation #GlobalCompliance #LegalTranslation #AIInnovation #DataPrivacy

As the EU introduces its comprehensive AI Act, it’s clear that the implications will be global, affecting even Australian businesses. This legislation, promoting safety, transparency, and ethical compliance in AI applications, could very well influence future tech policies in ANZ.   Are you prepared to navigate these changes? Let’s discuss the strategies and technologies that will help you meet these new standards.   Full Report: https://lnkd.in/gy4Qf6E9   #NEXTGEN #AIRegulation #TechLeadership #Compliance #DigitalNation

Last week, the Hong Kong Securities & Futures Commission issued a circular on the use of Generative AI language models by securities intermediaries and asset managers with 4 core principles within its risk-based approach: (1) Senior management responsibilities (2) AI model risk management (3) Cybersecurity and data risk management (4) Third Party Provider risk management It is heartening that this #SFC circular reflects the regulatory approach that Ross Buckley, Dirk Zetzsche Douglas Arner and I advocated in our article on "Regulating Artificial Intelligence in Finance: Putting the Human in the Loop" through personal responsibility regimes in 2021 (ie, before the public release of ChatGPT and #GenAI in November 2020!). BTW - I now call this approach "Humans Working In The Loop". Fast forward today, some in the industry are concerned that the prescriptive nature of some aspects of the #SFCcircular may disincentize product and process innovation in Hong Kong's #securities and #assetmanagement sector, the same way some are concerned the EU AI Act and other legislation is negatively impacting introduction of innovative AI products into the EU (eg, Apple, Meta announcements). Indeed, this now has significant implications for the need to #upskill #seniormanagers in #AI at such firms in Hong Kong involved in #investmentbanks #equities #fixedincome #derivatives #virtualassets #familyoffices While this may imply short term costs (esp where functions such as model validation may be conducted by the global group level abroad and/or a third party provider's AI language model and/or data, currently likely originating from the US or Mainland China), it also provides a lever to increase local (and attract international) #talent to #Hongkong in AI development and deployment. These requirements may in fact benefit the #fintechs who are already digital native and regulatorily savvy. For now, since the circular takes immediate effect and requires licensed companies to "critically review their existing policies, procedures and internal controls to ensure proper implementation of, and full compliance with, the requirements in this circular", there is much work ahead for many Hong Kong licensed companies. Perhaps Hong Kong licensed securities and asset management firms may benefit from an industry-wide initiative to help raise the bar on #AIskills #AIgovernance and #bestpractices especially amongst the smaller players? Links to the SFC circular and our 2021 article published in the Sydney Law Review in the links below