Anti-Financial Crime & Financial Crime Compliance
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Financial Crime, Financial Services, UK

NEWS: No rush to write bespoke rules for AI in finance, says UK watchdog

By Huw Jones

As criminals make “unfettered” use of artificial intelligence (AI) to disrupt markets and scam consumers, Britain has a cocktail of rules already in place to tackle them, the Financial Conduct Authority (FCA) said on Tuesday.

The European Union has just provisionally approved a landmark law to regulate AI, the first of its kind globally, and piling pressure on other jurisdictions to follow.

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