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Like other sectors of the economy, financial services firms are adopting AI tools and systems at a staggering rate. In one sense, this is unsurprising, given the potential opportunities offered by AI’s ever-increasing capabilities. However, it presents a clear challenge...

With AI here to stay, the Mills Review frames the challenge for financial crime professionals: "The question is no longer whether AI should be used, but who AI is going to serve?" AI is evolving fast, changing not only within...

The Financial Conduct Authority’s approach to regulating AI has relied on its existing, principles-based, framework being robust enough to manage the risks AI creates. That premise is now being tested - both by the pace of AI adoption across financial...