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Artificial Intelligence Fines

A&O Shearman

Global antitrust enforcement report - 2025

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2024 saw a significant increase in overall global fines for antitrust enforcement, with total penalties for the jurisdictions surveyed in our report at USD6.7 billion, over double that of 2023 (USD2.9bn) and substantially...more

Allen Barron, Inc.

Is it Too Late to Correct Past FBARs and File Amended Returns with the IRS?

Allen Barron, Inc. on

Is it too late to correct past FBARs and file amended returns with the IRS? The net is closing in on U.S. taxpayers with unreported or under-reported domestic and offshore income and assets. The IRS has increased audits in...more

Proskauer Rose LLP

EU's AI Act: Ten Facts for Organisations in the UK and US

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The EU’s AI Act (the “Act”) is the world’s first comprehensive AI law. The Act manages risks posed by certain AI systems and prohibits certain AI-related practices. UK and US organisations should not assume that the Act does...more

HaystackID

[Webcast Transcript] Anatomy of a Business Email Compromise

HaystackID on

Editor’s Note: This webcast brings together some of HaystackID’s top experts to dissect the intricacies of Business Email Compromise (BEC) attacks—a rapidly growing threat impacting organizations globally. During the...more

Dechert LLP

Dechert Cyber Bits - Issue 61

Dechert LLP on

X Agrees to Stop Processing EU Data to Train its Grok AI - Ireland’s Data Protection Commission (“DPC”) recently filed an urgent High Court application against X (formerly Twitter) for using the personal data of European...more

Association of Certified E-Discovery...

Tips for Paralegals and Litigation Support Professionals – August 2024

8/2/2024 – EU 2024/1689 – Europe Tries to Reign in AI - This week the EU regulation 2024/1689, “laying down harmonised rules on artificial intelligence” became effective. The European Artificial Intelligence Act will regulate...more

Holtzman Vogel Baran Torchinsky & Josefiak

In Compliance: Holtzman Vogel's August 2024 Round-Up

Eighth Circuit Invalidates Missouri's Two-Year Lobbying Ban for Former Legislators and Staffers - The Eighth Circuit Court of Appeals invalidated a Missouri state constitutional amendment that imposed a two-year lobbying...more

Davis Wright Tremaine LLP

Two FCC Actions on AI: Penalties for Deepfake Robocalls With Spoofed Caller ID; Rulemaking on AI in Political Ads

The FCC recently issued a Notice of Apparent Liability for Forfeiture (NAL) proposing a $6 million fine on a political consultant for allegedly carrying out an illegal robocall campaign using caller ID spoofing and an...more

Skadden, Arps, Slate, Meagher & Flom LLP

Utah Becomes First State To Enact AI-Centric Consumer Protection Law

On March 13, 2024, Utah enacted the Utah Artificial Intelligence Policy Act (UAIP), which imposes certain disclosure requirements on entities using generative AI tools with their customers, and limits an entity’s ability to...more

Ankura

An Introduction To The EU’s Artificial Intelligence Act

Ankura on

On December 8, 2023, European Union (EU) lawmakers reached an agreement on the EU’s AI Act.  The EU AI Act has many similar themes to the EU’s General Data Protection Regulation (GDPR) and reflects a big step forward in the...more

Dechert LLP

Dechert Cyber Bits - Key Developments in Privacy & Cybersecurity - Issue 46

Dechert LLP on

EU AI Act: Political Agreement Reached on Terms of Landmark Legislation - Negotiators for the European Council and the European Parliament have reached political agreement on the provisions of the EU Artificial...more

Allen Barron, Inc.

How Does the IRS Use AI to Identify Tax Cheats?

Allen Barron, Inc. on

Could Artificial Intelligence (AI) increase the likelihood of an IRS audit in your future? How does the IRS use AI to identify US taxpayers who attempt to hide assets, under-report income or otherwise cheat the IRS? In...more

Dechert LLP

Dechert Cyber Bits - Issue 43 | Key Developments in Privacy & Cybersecurity

Dechert LLP on

NSA and CISA Release Report on “Top Ten” Cybersecurity Misconfigurations; CISA Calls for Software Manufacturers to Implement Best Practices - On October 5, 2023, the United States National Security Agency (NSA) and...more

Lowenstein Sandler LLP

Fake It till You Break It: Insurance Coverage Implications for ChatGPT Mishaps

ChatGPT, an Artificial Intelligence (AI) chatbot created by OpenAI, has taken the legal world by storm since it first launched in November 2022. The chatbot gained notoriety for its cutting-edge ability to answer questions...more

Butler Snow LLP

What is the Message from Artificial Intelligence

Butler Snow LLP on

When announcing the much publicized $125 million fine against JP Morgan for violating recordkeeping rules, the U.S. Securities and Exchange Commission (“SEC”) Chair stated that financial institutions “did not act as if they...more

Fisher Phillips

5 Key 2022 Updates to Form I-9 Compliance as Employers Head Into 2023

Fisher Phillips on

As we say goodbye to 2022 and set course for 2023, it’s a good time to reflect on changes that have occurred in the past year – and changes we expect to occur in the new year. This is especially true when it comes to the...more

Jenner & Block

The Consumer Finance Observer - Fall 2022 Edition

Jenner & Block on

Potential Bias in AI Consumer Decision Tools Eyed by FTC, CFPB - Potential discrimination and bias resulting from consumer tools based on artificial intelligence and automated data will be an enforcement focus of...more

Goodwin

New Horizons: European Commission Proposes Measures to Regulate AI

Goodwin on

On 21 April 2021, the European Commission unveiled a proposal for an EU Artificial Intelligence Regulation (“Proposal”). The Proposal recognizes that AI offers significant benefits and opportunities for the EU market, but...more

Akin Gump Strauss Hauer & Feld LLP

Latest Congressional Efforts to Enact Privacy Legislation

• On October 17, Senator Ron Wyden (D-OR) introduced legislation to establish baseline privacy and cybersecurity protections and issue fines to companies and criminal penalties to senior executives. • The New Democrat...more

Foster Garvey PC

OTA & Travel Distribution Update - Price-fixing fines imposed against FlightCentre; Red Lion's unorthodox approach to loyalty;...

Foster Garvey PC on

This week’s OTA & Travel Distribution Update for the week ending April 6, 2018 is below. A variety of stories are featured in this week’s Update, including an interesting follow up story on Red Lion’s somewhat unique (and...more

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