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UK Financial Regulators Publish Response to AI Consultation – Seven Takeaways

Debevoise Data Blog

It summarises participants’ responses to the October 2022 AI discussion paper ( DP5/22 , the “Discussion Paper”), which outlined the UK Financial Authorities’ proposed approach to AI regulation. There is strong appetite for any future regulations to align with existing domestic and international laws and regulations.

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FinTales Issue 30: In Memoriam of the 2000-rupee note

Ikigai Law

And prescribes enhanced ongoing due-diligence measures for them. But even if KYC norms are simplified and ambiguities are clarified – compliance with the letter of the law is not enough.REs’ internal KYC practices must be tailored to the unique levels of risk exposure that they face.