- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-06-07T22:34:00
Lisa LeCointe-Cephas comes from an investigative background. She spent significant hours in the past digging through emails, looking for evidence of corruption and bribery.
Today, that task can easily be performed by an artificial intelligence (AI) model trained to read and flag emails that might point to a violation, said LeCointe-Cephas, partner and chair of law firm DLA Piper’s life sciences sector, during a session at Compliance Week’s Women in Compliance Summit held in Atlanta on June 3-4.
“It’s like setting millions of first-year law students on it,” said LeCointe-Cephas, who discussed AI in compliance alongside Asha Palmer, senior vice president of compliance solutions at software company Skillsoft.
THIS IS MEMBERS-ONLY CONTENT. To continue reading, choose one of the options below.
News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
Keeping track of regulations and understanding how they affect your business can be a hot mess without proper organization and collaboration, experts said at Compliance Week’s Women in Compliance Summit, held June 3-4, in Atlanta.
If there was one takeaway Diana Kelley offered during her keynote address at Compliance Week’s 2024 National Conference, it was that artificial intelligence tools—especially generative AI—need compliance.
The possibilities for productive use of generative AI are alluring, compliance professionals say. But harnessing the technology in an ethical and compliant manner requires thorough risk assessment.
A Bank of England report warned of private equity risk management deficiencies as interest rates remain stagnant, with international coordination important.
Compliance departments at financial institutions must become more involved in ensuring their firm’s operational resiliency to address emerging risks, the Treasury Department’s Office of the Comptroller of the Currency said in its semi-annual risk perspective.
Warning of an “eventual reckoning” on artificial intelligence use by financial institutions, the acting head of the Office of the Comptroller of the Currency said the industry should learn lessons on how similar disruptive technologies evolved from being helpful to dangerous.
