<h1>Risk and compliance checklist for GenAI-powered digital adoption platforms handling KYC, AML, data transfers, and vendor liability</h1> A digital adoption platform provider claims to accelerate financial services transformation using GenAI to embed in-flow guidance, simulation, analytics and workflow standardization for KYC, AML and regulatory readiness. Legal issues include regulatory compliance risk (financial reporting, AML/KYC, payments messaging standards), data protection and cross-border data transfer obligations, AI accountability and explainability, vendor due diligence, cybersecurity and incident-response obligations, and contractual allocation of liability and indemnities. Financial institutions should require detailed risk assessments, model-validation and audit rights, SLAs, data processing agreements compliant with applicable privacy laws, change-control procedures for regulatory updates, and regulatory-notification frameworks to manage operational, compliance and reputational risk.