Israel

The Policy, jointly issued by the Ministry of Innovation, Science and Technology and the Ministry of Justice, establishes Israel’s principles-based approach to AI regulation. It identifies key risks including discrimination, human oversight, explainability, transparency, safety, accountability and privacy, and recommends flexible, sector-specific regulation based largely on existing legal frameworks and the OECD AI Principles.

Guidance issued by Israel’s Privacy Protection Authority for individuals using generative AI systems for personal, non-commercial purposes. The guidance outlines the potential privacy risks associated with such use, especially since these systems rely on user-generated prompts that may contain sensitive personal information and makes recommendations for mitigating these risks.

The Guide explains how organizations developing or using AI systems can use privacy-enhancing technologies to reduce privacy risks throughout the AI lifecycle. It describes techniques and practical considerations for protecting personal data during AI development, training, deployment and ongoing use.

The Report recommends a risk-based approach to AI regulation in the financial sector, with particular attention to high-risk uses, explainability, customer disclosure, human involvement, privacy, discrimination, accountability and AI governance. It recommends that regulated financial institutions remain responsible for AI systems they deploy, including systems supplied by third parties, and provides a governance and risk-management toolkit for financial institutions.