Compl[AI]ance – how far can we go?
Anne joined Christian Hunt, founder and CEO of Human Risk, KPMG Law’s Francois Heynike and Sandrine Richard from the French Compliance Society in a panel discussion about ethics, regulations and benefits around the subject of AI in compliance. Christian got the ball rolling by asking Chat GPT-4 what question he should ask the panel. “How can organisations ensure that their use of AI in compliance management adheres to evolving ethical standards and regulatory frameworks across different jurisdictions?” was the suggestion from the freshly-anointed “ChatECEC”.
Addressing ChatECEC’s ethical concerns, the panel agreed that the potential for AI misuse is massive. Francois offered up a lawyer’s perspective, opining that AI compliance is like a black box and understanding the data source would be the key to apply rules effectively.
But it was far from all doom and gloom. Sandrine highlighted the evolution of the compliance officer role, thanks to AI. The focus then shifted to managing risks while embracing the AI opportunity. Anne stressed teamwork, brainstorming potential pitfalls, and preparing for the unforeseen.
As the session wound down, the panellists moved towards offering practical advice. Real processes, risk mapping, cross-departmental communication – these would be vital for ensuring AI success.
Fittingly, Christian left the last word to ChatECEC who doled out some sage advice: “Embrace AI as a tool to enhance, not replace, human oversight in compliance. Ensure transparent, ethical and accountable AI use by continuously engaging in dialogue with stakeholders, prioritising education on AI technologies, and being proactive in aligning AI systems with evolving ethical and legal standards”.
ECEC 2023, like the years before, was not just a conference but a call to action – to embrace AI, navigate the risks and let compliance be the hero in this evolving saga.