Organizations domiciled in Colombia can now adopt the international standard ISO/IEC 42001:2023, which will make them among the first organizations in Latin America to have a certifiable standard for the responsible management of artificial intelligence (AI) systems.
Colombia has adopted ISO/IEC 42001:2023, becoming the first country in Latin America to implement a certifiable international standard for AI systems. This standard promotes responsible AI governance, transparency, and risk management. It aligns with Colombia’s national AI strategy and offers competitive advantages for organizations, including global recognition and regulatory compliance. The standard covers AI-specific risk assessment, operational controls, and integration with other ISO standards.
Colombia’s Law 2502 of 2025 adds an aggravating factor to identity theft committed using AI, increasing penalties and formally recognizing deepfakes. It mandates traceability systems and coordinated public policy to address AI-related crimes. The law also strengthens biometric data protections, requiring explicit consent and strict processing safeguards. Implementation begins July 2026, reflecting Colombia’s commitment to digital ethics and cybersecurity.
Our global panel discussed how authorities are stepping up antitrust enforcement, the challenges of managing cross-border investigations, and what effective compliance looks like in 2025. Authorities are increasingly proactive and coordinated, using AI and data scraping to detect infringements such as bid rigging, price signalling, parallel pricing, and suspicious labour…
At the Annual Compliance conference recently held in London, the session on ‘US and UK Enforcement in the Current Climate: Strategic Shifts and Global Implications’ explored the evolving enforcement landscape across the UK, US, and Latin America, with a particular focus on strategic priorities, inter-agency cooperation, and the practical implications of recent policy shifts.
In this session, a panel of speakers from across Baker McKenzie discussed global enforcement priorities and challenges. Trends in the EU (such as the proposed EU Directive on anti-corruption) were noted, but the panel focused, in particular, on Asia, Africa and Latin America.
Our popular Annual Compliance Conference, which attracts senior in-house legal and compliance professionals every year from across the world, will be held virtually from 3 to 12 June 2025.
The conference will provide you with valuable insights from our international trade, compliance and investigations, regulatory and antitrust lawyers. We will delve into critical topics shaping the future of global businesses such as sanctions, export controls, customs and tariffs, national security laws, antitrust, product regulation, ESG and related enforcement trends.
Having not secured a deferred prosecution agreement in respect of U.K. Bribery Act offences since 2021 and having been rocked by a series of shortcomings regarding its investigation and prosecution of cases, the SFO has arguably been at its lowest ebb.
The Superintendence of Companies, through its External Circular No. 100-000003 of 23 April 2024 (hereinafter the “Circular”), extended the deadlines for the Chambers of Commerce and Foreign Non-Profit Entities (in its acronym in Spanish “ESALs”) to implement the Integral Self-Control and Risk Management System of money laundering, terrorism financing and financing of the proliferation of weapons of mass destruction and Business Transparency and Ethics Programs. The new deadline is on 31 May 2025.
In a recent decision, the Superintendence of Companies determined that an Excel-based risk matrix of the Self-Control and Integral Management System of Money Laundering, Terrorism Financing and Financing of the Proliferation of matrixes and of the Business Transparency and Ethics Program was insufficient because it did not allow to individualize, measure, assess and mitigate the risks identified.