European UnionAnti-Money-Laundering Regulation, Human Oversight of AI-Generated Information Shared in Partnerships for Information Sharing (Article 75(4), Point (g))
Regulation (EU) 2024/1624, Article 75(4), point (g)
An AI sector rules rule binding public and private bodies.
As of .
What it requires
- This duty takes effect on (Article 90), except for the obliged entities referred to in Article 3, points (3)(n) and (o), football agents and professional football clubs, for which it takes effect on (Article 90).
- It reaches you if you are an obliged entity within Article 3, which lists credit institutions and financial institutions, and take part in a partnership for information sharing (Article 75(1)).
- Share information generated through the use of artificial intelligence, machine learning technologies or algorithms within the partnership only where those processes were subject to adequate human oversight (Article 75(4), point (g)).
Who enforces it
Settledness
- As of
- Open questions
- What counts as 'adequate human oversight' of information generated by artificial intelligence, machine learning technologies or algorithms before it is shared in a partnership for information sharing under Article 75(4), point (g), and who must carry that oversight out?
What this law does
Article 75(1) allows members of partnerships for information sharing to share information among each other where strictly necessary for complying with the obligations under Chapter III and Article 69, and in accordance with fundamental rights and judicial procedural safeguards.
Article 75(4), point (g), provides that information generated through the use of artificial intelligence, machine learning technologies or algorithms may only be shared where those processes were subject to adequate human oversight. Article 3 of Regulation (EU) 2024/1624 lists credit institutions and financial institutions among the obliged entities.
Article 90 provides that the Regulation applies from , except in relation to the obliged entities referred to in Article 3, points (3)(n) and (o), to which it applies from .
When LexLint raises it
When your app profile says your app provides financial services.