Archive:November 20, 2024

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Australia: AI and Your Obligations as an Australian Financial Services Licensee

Australia: AI and Your Obligations as an Australian Financial Services Licensee

By: Daniel Knight, Ben Kneebush and Madison Jeffreys

As Artificial intelligence (AI) continues to be adopted and used by Australian Financial Services (AFS) licensees broadly, it has become increasingly evident that many licensees’ deployment of AI falls short of their existing regulatory obligations and emerging best practices.

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