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To make things easier, weve rounded up the best contract review software of 2025 so you can find the right fit and get contracts done fasterwithout the stress. Risk and compliance checks : It flags missing clauses, unfavorable terms, or non-compliance with legal standards, helping you avoid costly mistakes. No pressure, right?
The Italian DPA opened an investigation into DeepSeek for possible GDPR non-compliance associated with its AI chatbot services data collection and processing activities. The EU Digital Operational Resilience Act came into force on 17 January 2025. UK ICO acts on cookie compliance. DORA becomes applicable.
This guide breaks down the best contract analysis software for 2025, covering tools that go beyond basic automation to offer smarter, faster, and more reliable contract management. Whether you need AI-driven redlining, compliance tracking, or collaborative workflows, these platforms help keep deals moving without sacrificing accuracy.
Cross-Functional Approach: Senior management should ensure that responsible staff from the business, risk, compliance and technology functions can effectively manage the LC’s adoption and implementation of AI LMs by possessing the relevant competence in AI, data science, model risk management, and domain expertise.
In this blog post, we discuss key provisions in the Consent Order, which not only underscore the FTCs expectations for (and enforcement of) reasonable security practices in the absence of specific regulations but also highlight the added compliance burden that companies may face in an enforcement action. For instance, the U.S.
In terms of timing, the CRA will come into force over a phased transition period starting in late 2025. Conducting duediligence on imported PDEs. As with most recent European technology regulation, the CRA will come with the threat of high penalties for non-compliance – up to €15 million or 2.5% of global turnover.
In this post, we discuss how companies can comply with NYDFSs current approach by establishing internal governance committees, conducting a gap assessment against existing controls and standardizing duediligence processes, among other practical tips.
As with most recent European technology regulation, the Cyber Resilience Act will come with the threat of high penalties for non-compliance – up to €15 million or 2.5% of global turnover. What’s happening next?
This could impact financial firms who are considering using the EU AI Act as their ‘high watermark’ for AI regulatory and governance compliance, who will have to accommodate any UK-specific requirements in their compliance programmes. The UK Financial Authorities could look to such existing resources when developing future guidance.
Our key takeaways are: For financial services firms – determine if you are covered as a “financial entity” and, if so, begin charting a path to compliance: it is likely to be a resource-intensive undertaking and one which demands ongoing engagement from across the business, including management. What are the penalties for non-compliance?
Main Course Finding a way around the circuitous KYC maze The challenge of KYC compliance haunts every financial institution. And prescribes enhanced ongoing due-diligence measures for them. Mints: a refresher about recent fintech developments. Takeaway: articles and podcasts to grab and go.
For some firms, compliance with the Circular will require a significant increase in their cybersecurity compliance budgets and the securing of additional resources for 2025 and beyond. Some companies may want to address this now as 2025 budgets are being finalized.
Third-Party Contractual and Compliance Obligations The rule prohibits data brokerage with any foreign person who is not a covered person unless the U.S. If approved, the license authorizes only the specific transaction described in the application and mandates compliance with all stipulated conditions, such as filing required reports.
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