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Harnessing Technology Enroute to New Ethics and Compliance Frontiers
In April 2024, the Financial Conduct Authority (FCA) published a guide for its new anti-greenwashing rule aimed at improving protection for whistleblowers and enabling better reporting mechanisms. Even more recently, in August, the EU Artificial Intelligence (AI) Act came into effect, introducing a strong regulatory framework for AI governance focused on managing risk and ensuring greater transparency. These are just a couple of examples from a vast list of regulatory changes sweeping across the globe right now as new technologies, climate change, geopolitical instabilities, and more continue to disrupt businesses. Adhering to these evolving rules and regulations is essential, with non-compliance carrying major financial, operational, and reputational risks. The problem is, growing complexities of the business landscape also mean facing complex challenges in maintaining ethical and regulatory compliance.
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