Articles Posted in Financial Crimes

EXECUTIVE SUMMARY: Professor Peter Lee’s VERDICT essay argues that synthetic data may revolutionize AI development by providing scalable, legally safer training material. Yet he warns that artificial datasets introduce new risks such as model collapse, bias, and misuse that demand proactive legal oversight. Rather than replacing existing regulatory debates, synthetic…

The Financial Crimes Enforcement Center (FinCEN)”is a bureau of the U.S. Department of the Treasury. The Director of FinCEN is appointed by the Secretary of the Treasury and reports to the Treasury Under Secretary for Terrorism and Financial Intelligence. FinCEN’s mission is to safeguard the financial system from illicit activity,…