- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Opus Global, a provider of SaaS-based compliance solutions, announced that it has acquired Alacra, a provider of Know Your Customer (KYC), Anti-Money Laundering (AML) and Reference Data business information solutions. More inside.
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Data governance has become a key concern for companies, especially when the EU AI Act and General Data Protection Regulation have put a premium on handling data responsibly and ensuring that artificial intelligence does not cause harm.
The era of artificial intelligence adoption is testing the old ways of doing compliance, underscoring the need for continuous monitoring. Compliance isn’t a one-and-done activity, but sometimes organizational incentives and goals fail to prioritize the importance of this.
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission to resolve the agency’s long-running investigation into alleged “abusive practices” by Facebook Marketplace.
