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Global Regulation

Quantum Updates 10: Copyright Office Protects AI Digital Replicas | August 2024

Quantum Updates 10: Copyright Office Protects AI Digital Replicas | August 2024

On 15 July 2024, the U.S. Copyright Office released a report titled “Copyright and Artificial Intelligence, Part 1: Digital Replicas.” The report delves into the challenges posed by AI-generated digital replicas, which are highly realistic reproductions of an individual’s voice, appearance, or other personal attributes. These replicas, created using AI technologies, raise legal and ethical concerns, particularly regarding unauthorized use and protection of personal identity.

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Quantum Updates 8: MAS Tightens AML for HNW Wealth Sources | August 2024

Quantum Updates 8: MAS Tightens AML for HNW Wealth Sources | August 2024

On 26 July 2024, the Monetary Authority of Singapore (MAS) issued a new circular (AMLD 08/2024) aimed at enhancing the anti-money laundering (AML) and countering the financing of terrorism (CFT) measures within the wealth management sector. This directive targets financial institutions (FIs) dealing with high-net-worth individuals (HNWIs), and the necessity of thoroughly verifying the sources of their wealth (SOW) before initiating business relationships.

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Crypto Updates 4: SEC Revamps Site for Compliance Clarity | July 2024

Crypto Updates 4: SEC Revamps Site for Compliance Clarity | July 2024

On 10 July 2024, UK authorities successfully converted Monero cryptocurrency into cash for the first time; Convicted seller Jack Finney has been compelled to repay £23000 from his criminal proceeds; This case has set a precedent for law enforcement in tracking and seizing privacy-focused cryptocurrencies to set out legal fines.

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