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Headline Issue Diary Date
UK's FCA bans and fines insurance broker Leigh Mackey £1.1m (R26m) for misuse of funds and regulatory deception 347 CompliNEWS 11 Nov 2024
Trump’s financial deregulation plans expected to push crypto mainstream in the US 347 CompliNEWS 11 Nov 2024
Two convicted in £1.5m UK crypto investment fraud 347 CompliNEWS 11 Nov 2024
Tribunal overturns ruling against Futurum Financial Group in life cover dispute; compliance lessons 347 CompliNEWS 11 Nov 2024
High-value penalties spotlight regulatory crackdown in South Africa’s financial sector 347 CompliNEWS 11 Nov 2024
Navigating the threats of corruption and organised crime for South African businesses 347 CompliNEWS 11 Nov 2024
The growing threat of AI deep fake scams 347 CompliNEWS 11 Nov 2024
South Africa’s progress in reversing its FATF greylisting 347 CompliNEWS 11 Nov 2024
Western Cape High Court lifts R100m preservation order against Banxso 347 CompliNEWS 11 Nov 2024
Former Australian investment manager Brett Trevillian sentenced to three years for forging investor reports 347 CompliNEWS 11 Nov 2024
Working Smart

By Lee Rossini

Although generative AI has been around for a while, it suddenly seems to have taken off. Generative AI refers to a category of artificial intelligence that can create new content – text, images, music, code, and more – based on patterns learned from existing data. Rather than simply analysing or classifying information, generative AI models are designed to generate outputs that closely mimic human creativity and reasoning. These models have revolutionised fields from content creation, software development and client service, amongst others.

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