Considering the rapid development and deployment of artificial intelligence (AI) in a wide array of applications and business sectors, it can be a daunting task for a company’s General Counsel (GC) to keep pace in identifying...more
2/19/2025
/ Artificial Intelligence ,
Compliance ,
Corporate Counsel ,
Cybersecurity ,
Data Privacy ,
Data Protection ,
Data Security ,
Machine Learning ,
Privacy Laws ,
Regulatory Requirements ,
Risk Assessment ,
Risk Management ,
Third-Party
On August 2, the European Union Artificial Intelligence Act (the Act) became effective. It is the world’s first comprehensive legal framework for regulating artificial intelligence (AI) and aims to ensure that AI products and...more
On Jan. 1, the Corporate Transparency Act (CTA) went into effect, premised on the belief that illicit actors use corporate structures like shell companies and fronts to hide their identities and launder criminal proceeds...more
2/29/2024
/ Anti-Money Laundering ,
Beneficial Owner ,
Corporate Transparency Act ,
Cybersecurity ,
Data Protection ,
Data Security ,
Financial Crimes ,
FinCEN ,
Popular ,
Reporting Requirements ,
U.S. Treasury
The Corporate Transparency Act (CTA), which became effective on January 1, requires that U.S. and foreign companies authorized to do business in the U.S. (each, a Reporting Company) report specific personal information...more
On January 8, 2024, after multiple amendments, the New Jersey Legislature passed a comprehensive data protection bill (SB 332). Gov. Philip Murphy has 45 days to execute SB 332, making New Jersey the 13th state to adopt...more
1/15/2024
/ California Consumer Privacy Act (CCPA) ,
Consumer Privacy Rights ,
Data Controller ,
Data Deletion ,
Data Protection ,
Financial Services Industry ,
Governor Murphy ,
New Jersey ,
Opt-Outs ,
Personal Data ,
State Data Privacy Laws
Congress has repeatedly failed to pass comprehensive national data protection legislation, and the states are rapidly filling the void with laws that impose different requirements on a state-by-state basis.
Most of these...more