PYMNTS.com November 11, 2024
The goal of innovation is to help businesses better tackle challenges that can feel daunting due to limited resources.
And with the news Monday (Nov. 11) that identity and compliance platform Palm has introduced an artificial intelligence (AI) filing tool, dubbed the Beneficial Ownership Information (BOI) Filing Assistant, to help speed the compliance process for small and medium-sized businesses (SMBs), using digital innovation to manage compliance is top of mind for Main Street.
After all, companies’ use of AI is one of the things that Nicole Argentieri, principal deputy assistant attorney general for the criminal division of the Department of Justice (DOJ), said in September that prosecutors will look at when assessing their compliance programs during investigations.
Compliance programs that...