- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Adrianne Appel2024-05-02T18:51:00
The Commodity Futures Trading Commission (CFTC) appointed its first artificial intelligence chief to lead the agency’s efforts to further integrate AI into its operations.
Ted Kaouk, who joined the CFTC in December as chief data officer and director of its Division of Data, will assume the role of chief data and AI officer. Kaouk will lead the creation of the CFTC’s enterprise data and AI strategy, the commission announced Wednesday.
Kaouk, who began his career as a U.S. Navy surface warfare officer, previously led AI and data strategy efforts at the Office of Personnel Management and the U.S. Department of Agriculture. He served as the first chair of the Federal Chief Data Officers Council from 2020 until January.
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The Equal Employment Opportunity Commission announced the appointment of an officer overseeing the use of artificial intelligence, becoming the latest agency to create the role called for in a President Joe Biden executive order.
Kristin Johnson of the Commodity Futures Trading Commission called for the agency to launch initiatives addressing the use—and misuse—of artificial intelligence tools in commodities markets.
On the heels of a warning by the deputy attorney general that the agency will seek stiffer penalties in cases involving the misuse of artificial intelligence, the Department of Justice announced Jonathan Mayer as its first chief AI officer.
The U.S. Supreme Court extended the statute of limitations for businesses attempting to challenge some federal regulations, allowing regulated entities a longer timeline to appeal a decision.
The Supreme Court of the United States overturned a long-held precedent in which courts deferred to federal agencies in interpreting complex or ambiguous regulations–a decision that could make thousands of federal regulations more vulnerable to legal challenges.
Financial institutions would be required to conduct more thorough risk assessments on their anti-money laundering/countering the financing of terrorism programs under a new rule proposed by the Treasury Department’s Financial Crimes Enforcement Network.
