Artificial Intelligence in Financial Fraud

The evolution of Artificial Intelligence (“AI”) has had major impacts on the financial industry, particularly in relation to financial fraud. The legal frameworks and regulatory agencies in the financial space are also evolving to address AI and financial fraud. Practical solutions are being deployed in the technology and financial spaces to avoid and mitigate AI risks and financial fraud.

This course discusses the legal and regulatory frameworks that address financial fraud and AI across various industries (e.g., cloud-based and SAAS services, e-commerce and financial services, etc.). It includes the US and global perspectives on AI in the financial industry because they apply to international transactions. The course addresses financial fraud and AI issues for both business-to-consumer (B2C) and business-to-business (B2B) companies and financial institutions.

The vast AI technology behind large language models (LLMs) and machine learning (ML) are explained as relevant to financial fraud and exploring risks, capabilities, and opportunities. Business and technology solutions implemented by AI vendors and B2B/B2C companies to address financial fraud for attorneys will be reviewed.

Legal professionals who practice in different industries within the legal profession will benefit from attending this innovative training program. Attorneys who want to learn how different regulators look at AI and financial fraud are encouraged to attend this course. As well as attorneys who practice in the financial industry including, but not limited to, attorneys involved in commercial or IP transactions that touch on the financial or e-commerce industries (e.g., banking, payments, blockchain, and cryptocurrencies); Attorneys who work with vendors that provide AI functionality for the technology industry or financial institutions; Attorneys who work with companies or financial institutions exposed to financial fraud (both B2B and B2C business models); Attorneys who represent consumers who use cloud-based and e-commerce services. Attorneys who work for governmental agencies and want to explore the practical aspects of AI and financial fraud impacting the tech and financial industries will find this program useful.

Learning Objectives:

• Examine the legal and regulatory frameworks that address financial fraud and AI across various industries
• Address the risks facing companies, financial institutions, and consumers concerning AI and financial fraud
• Explore practical solutions adopted in the industry to avoid and mitigate risks from AI technologies and financial fraud

Production Date: 4/18/2024