In February, the Trump Administration suspended investigations under and enforcement of the FCPA. Many compliance professionals have since wondered what this will mean for corporate compliance programs going forward. Hui Chen challenged compliance professionals with the message, “It’s time to up your game.”
This podcast series, sponsored by Ethico and co-hosted with Ethico co-CEO Nick Gallo, hopes to meet Hui Chen’s challenge. We will discuss how compliance professionals can ‘Up Their Game’ by utilizing currently existing Generative AI (GenAI) tools to significantly enhance their compliance programs. As compliance professionals, it is critical to recognize that this moment is not merely about incremental improvements but about elevating our profession to an entirely new level of effectiveness, efficiency, and organizational value.
In this episode, hosts Tom Fox and Nick Gallo dive into the revolutionary potential of AI in continuous monitoring within compliance programs. They discuss how AI can provide real-time data insights, facilitate course corrections, and meet regulatory expectations.
The conversation explores the practical applications of AI tools, the importance of a proactive and open mindset, and the game-changing impact these technologies can have across various business functions, including mergers and acquisitions (M&A) and internal control reviews. They also highlight valuable case studies, such as Citibank’s anti-money laundering tool and Budweiser’s pre-pandemic data analytics program, underscoring the broad utility and transformative power of AI in modern business practices.
Key highlights:
- The Promise of AI in Continuous Monitoring
- Regulatory Expectations and AI
- Practical Applications of AI in Compliance
- Case Studies: AI in Action
- AI Governance and Best Practices
Resources:
Upping Your Game- How Compliance and Risk Management Move to 2030 and Beyond on Amazon.com
Nick Gallo on LinkedIn
For an Ethico White Paper on this topic, click here.
Tom Fox
