The Department of Justice (DOJ) has recently updated its Evaluation of Corporate Compliance Programs (ECCP) to address the use of artificial intelligence (AI) in compliance programs. This update, released on September 23, 2024, emphasizes the importance of integrating AI responsibly and effectively into compliance frameworks.
Key points from the update include:
- Risk Management: Companies must assess and mitigate risks associated with AI, including potential negative consequences.
- Governance: Ensuring robust governance to oversee AI use and maintain compliance with applicable laws.
- Reliability and Trustworthiness: AI systems must be reliable and trustworthy, with adequate human oversight.
- Employee Training: Training employees on the use of AI and monitoring accountability.
- Third-Party Relationships: Managing and monitoring third-party AI developers to ensure compliance.
The DOJ’s guidance ensures companies proactively manage AI-related risks and maintain effective compliance programs.
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