We invite you to read the column written by our senior associate, Antonia Nudman, on the implications of artificial intelligence in the Economic Crimes Act.
The new law on economic crimes represents important challenges for companies, which today face more than 200 offenses for which the legal entity and its executives can be penalized. In view of this, the use of artificial intelligence becomes an opportunity. This technology makes it possible to automate routine and repetitive tasks related to regulatory compliance, such as data collection and analysis, record verification and report generation.
On the other hand, it can also perform continuous real-time monitoring, which allows detecting possible non-compliance or suspicious activities instantly. Thus, AI can be used as a useful compliance tool.
However, it is important to be aware that, although the technology can bring associated benefits in terms of efficiency for companies in terms of compliance, its use also brings challenges, especially with regard to the use of generative AI and possible copyright infringement.
To access this full content visit our az Tech platform. [View here]
