IBA Annual Conference Seoul 2019
22 Sep - 27 Sep 2019
Room 327 B, Floor 3
Session information
The role of technology and artificial intelligence (AI) in supporting compliance and helping compliance and in-house teams work smarter
Wednesday 25 September (1430 - 1545)
Committee(s)
Regulation of Lawyers Committee
(Lead)
Anti-Money Laundering and Sanctions Expert Subcommittee
Description
Up until recently, compliance and in-house teams have mainly relied on people and processes to undertake their roles. However, as a result of the significant increase in new laws and regulatory requirements governing lawyers over the last decade, compliance and in-house remits have expanded beyond belief and demand for in-house legal and compliance professionals has surged. Firms and clients have had no choice but to hire more and more compliance staff, in an effort to tackle the growing regulatory burden. But with no end in sight, the pressure is on to look at smarter ways to meet that burden. The most obvious way to deliver more for less in your in-house or compliance function is to consider how to make use of technology such as AI and other emerging technologies on the landscape; a trend that will only accelerate in the coming years. This interactive and practical session will focus on how AI may free up in-house/compliance professionals from lower-level work to enable the carrying out of more complex, value-added tasks and achieve greater efficiency and effectiveness. It will cover the latest cutting-edge technologies and what is available to help solve the many day-to-day challenges faced by such compliance professionals across the globe. The session will also cover AI related liability considerations.
Session / Workshop Chair(s)
Juliet Tainui-Hernandez | Norton Rose Fulbright, London, England; Treasurer, Regulation of Lawyers Committee |
Valentina Zoghbi | Al Tamimi & Company, Dubai, United Arab Emirates; Member, Regulation of Lawyers' Committee Advisory Board |
Speakers
Simon Davis | Clifford Chance LLP, London, England; President / ChairpersonLaw Society of England and Wales |
Richard Harrison | Clyde & Co, London, England; Co-Vice Chair , Regulation of Lawyers Committee |
Sun Hee Kim | Yulchon LLC, Seoul, South Korea; Website Officer, Asia Pacific Regional Forum |
Asha Underiner | Prescient, Chicago, Illinois, USA |