Source: The Romanian Lawyers

The Romanian Lawyers discusses the legal and financial risks of non-compliance with AI regulations in the European Union, emphasizing the potential fines and legal liabilities under the EU’s AI Act. Key areas of risk include data protection, algorithmic transparency, and compliance with anti-discrimination laws. Legal experts highlight that non-compliance could result in significant financial penalties, legal disputes, and reputational damage for businesses operating in the EU.

The report recommends that businesses adopt proactive AI compliance strategies, including regular audits, transparent data practices, and adherence to GDPR standards. As the EU continues to strengthen its AI regulatory framework, ensuring compliance will be essential for companies to mitigate legal risks and maintain trust.