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OCC Highlights, AML & CRA Risks

Perficient

The effective date of the new rule is April 1, 2024, with key provisions taking effect on January 1, 2026, and January 1, 2027. Banks  Banks need to plan for these changes and begin to implement management processes to address the potential impact of the rule on their systems and resources.

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Tech Cos Confront The Ethics Of AI

CB Insights

Mizuho Financial Group in Japan says it will use AI to replace 19,000 people by 2027 — about a third of its workforce. Many other major technology companies are also grappling with ethical questions as they sell products and services to the US military and intelligence community.

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UK Lowers Boom On Huawei With Equipment Purchase Ban

PYMNTS

s National Security Council said the ban will take effect at the end of the year, with mobile network operators also required to remove Huawei equipment from their systems by 2027. The move will push back the timeline for the rollout of 5G mobile internet by two to three years, while adding $2.5 The latest round of U.S.