After several years of monitoring and reporting on artificial intelligence (AI) in financial services, the U.S. Department of Treasury (Treasury) has embarked on initial rulemaking efforts and issued a request for information...more
6/27/2024
/ AML/CFT ,
Anti-Money Laundering ,
Artificial Intelligence ,
BSA/AML ,
Consumer Financial Products ,
Financial Institutions ,
Financial Services Industry ,
Machine Learning ,
Non-Discrimination Rules ,
Request For Information ,
Risk Management ,
U.S. Treasury ,
UDAAP
The U.S. Department of the Treasury (“Treasury”) has released a Request for Information on the Uses, Opportunities, and Risks of Artificial Intelligence (“AI”) in the Financial Services Sector (“RFI”). Written comments are...more
6/17/2024
/ Algorithms ,
AML/CFT ,
Anti-Money Laundering ,
Artificial Intelligence ,
Bank Secrecy Act ,
BSA/AML ,
Consumer Financial Products ,
Data Privacy ,
Disclosure Requirements ,
Financial Crimes ,
Financial Institutions ,
Financial Services Industry ,
FinCEN ,
Gramm-Leach-Blilely Act ,
Investor Protection ,
Machine Learning ,
Money Laundering ,
Request For Information ,
Risk Management ,
U.S. Treasury