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Headline Issue Diary Date
FSCA issues warning over fraudulent Telegram scam impersonating Brantam Financial Services 306 CompliNEWS 26 Jan 2024
Over 127 million financial records breached in the UK in last five years 306 CompliNEWS 26 Jan 2024
PRA imposes £57.4m fine on HSBC for depositor protection failures 306 CompliNEWS 26 Jan 2024
UK firms confront complex compliance challenges in 2024 – Crucial role of AI and automation 306 CompliNEWS 26 Jan 2024
Generative AI in AML compliance: A double-edged sword in the digital era 306 CompliNEWS 26 Jan 2024
The imperative of robust sanctions regimes in AML/CTF – Lessons from case studies 306 CompliNEWS 26 Jan 2024
UK regulator flags over 1 000 law firms for inadequate sanctions compliance 306 CompliNEWS 26 Jan 2024
2024 guide to navigating South Africa’s business compliance – Major changes in Companies Act and CIPC 306 CompliNEWS 26 Jan 2024
SA watchdog issues warning against 'crowdfarming' platform Livestock Wealth 306 CompliNEWS 26 Jan 2024
Ruling on alleged banking conspiracy – Competition law 306 CompliNEWS 26 Jan 2024
Working Smart

By Lee Rossini

Many business owners are expressing interest in the vast potential of generative artificial intelligence (AI). In previous articles, the benefits of using AI were discussed. However, while the technology brings advantages, it does have its limitations and risks. Understanding the boundaries of generative AI is critical to ensuring accuracy, compliance and trust, especially in the financial services sector where precision and integrity are essential.

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