Related insights: Regulatory

Digital: IT & Privacy

How can businesses harness the benefits of live facial recognition technology while navigating the regulatory framework?

15 Mar 2024
In May 2022, the ICO fined Clearview AI more than $7.5 million for scraping images from social media to create a global online facial recognition database. This case has since caused further debate around the use of live facial recognition technology in public spaces, including people's right to privacy and the application of data protection laws in cross-border scenarios. This article addresses some of these issues and provides practical steps for businesses looking to implement the latest technological developments.
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AI in financial services: gathering speed

12 Mar 2024
The use of artificial intelligence (AI) is not new for UK financial services firms. It is already modernising the banking, insurance and payments sectors, who use it to enhance customer service, personalise insurance cover and detect suspicious payment transactions. The regulators themselves are also hopping on the bandwagon – the UK's Financial Conduct Authority (FCA) announced last year that it is using AI-based models to help tackle fraud. But despite some tangible benefits, the financial services industry is still exercising caution when it comes to AI.
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Building safety in brief: fire safety duties for occupied buildings

24 Nov 2023
Fire safety is changing, with reforms that will introduce new roles and responsibilities while buildings are being designed, built, refurbished and occupied. A number of these changes will come into force in January 2023. This factsheet provides an overview of some of the key obligations once buildings are built and occupied.
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Has the scope of the "ownership and control" test in relation to sanctions changed?

02 Nov 2023
On 6 October 2023, the Court of Appeal issued its judgment on Boris Mints & others v PJSC National Bank Trust & PJSC Bank Okritie Financial Corporation. This judgment explores whether a designated person can pursue litigation under the UK sanctions regime relating to Russia. Whilst it was not necessary for the Court of Appeal to determine the issue of when a designed person is considered to "control" an entity in this case, it did consider this issue and its comments have potentially wide ranging application for the scope of sanctions.
Digital: IT & Privacy

UK set to host the Artificial Intelligence Safety Summit – what can we expect?

24 Oct 2023
On the 1 and 2 November 2023, the UK government will be holding its first AI Safety Summit at Bletchley Park, the home of British codebreaking during World War Two. The government's aim for the summit is to promote and encourage an international, coordinated approach on AI safety, with a particular focus on 'foundation models' (large-scale networks which generate human-like language, such as OpenAI's 'GPT' and Google's 'Gemini'). The summit will bring together international policy makers, AI companies, experts and researchers to discuss the risks posed by these frontier models and to encourage safe, responsible development.
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Equifax: a lesson in intra group controls

20 Oct 2023
Back in 2017, significant UK customer data that Equifax Ltd held on the servers of its US parent, and for which it acted as a data controller, was compromised in a cybersecurity incident. FCA took the unprecedented step of announcing at the time that it would be carrying out an investigation. Almost exactly six years later, it published its final notice on the matter – imposing a fine of over £11 million.
Digital: IT & Privacy

Unlocking the potential of crowdsourced data: Policy guidance for the information revolution

05 Oct 2023
In an era characterised by rapid technological evolution, traditional approaches to data collection and analysis have undergone a remarkable transformation. Crowdsourced data and services have emerged as powerful tools that are transforming information gathering, processing, and utilisation for governmental organisations and private enterprises alike. This article delves into the intricacies of crowdsourced data, explores its lawful applications by institutions such as the Department of Defense (DoD) and the Intelligence Community (IC), and their overseas equivalents such as the UK Ministry of Defence, and underscores the need to address policy gaps. It also examines its synergistic relationship with artificial intelligence (AI) and highlights its impact on decision-making and business insights.