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Compliance Automation is the use of AI and software to ensure that business operations meet regulatory standards without constant manual oversight. This can involve monitoring transactions for anti-money laundering compliance, ensuring HR processes follow labor laws, or verifying data privacy requirements under regulations like GDPR. Tools like Luca AI in finance or Freddie AI in HR can automate record-keeping, audit trail generation, and exception reporting. Compliance automation reduces the cost and complexity of meeting legal obligations while minimizing the risk of human error. It also enables real-time compliance checks, so issues are flagged and addressed immediately rather than during periodic audits.
