- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
How could a computer error result in postal workers going into debt and going to jail for financial shortfalls that never actually occurred? Sub-postmasters are joining a group legal action against the U.K. post office for fraud accusations.
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Any product that uses AI needs to be safety assessed for its entire lifespan under new rules that went into effect recently across the EU. Experts warned companies using AI to tailor products could be classed as “manufacturers” and face the same duty of care as developed.
The U.K. Financial Conduct Authority apologized to investors in peer-to-peer investment firm Collateral for not acting swiftly enough to prevent Collateral from defrauding its customers.
The U.K. will struggle to shed its reputation as one of the world’s biggest conduits for dirty money due to a combination of patchy intelligence-sharing and poorly resourced enforcement agencies, experts told Compliance Week.
