- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By 
Kyle Brasseur2024-06-04T14:10:00
The Equal Employment Opportunity Commission (EEOC) announced the appointment of an officer overseeing the use of artificial intelligence (AI), becoming the latest agency to create the role called for in a President Joe Biden executive order.
Sivaram Ghorakavi was named the agency’s deputy chief information officer and will also serve as chief AI officer, the EEOC announced Monday. In his latter role, he will coordinate intradepartmental and cross-agency efforts on AI and adjacent issues.
As information chief, Ghorakavi will lead EEOC innovations in technology that benefit the agency’s strategic mission.
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The Commodity Futures Trading Commission appointed its first artificial intelligence chief to lead the agency’s efforts to further integrate AI into its operations.
The Treasury Department announced its success using artificial intelligence to track down instances of check fraud—a potential preview of the results that might come if the agency applies AI in other enforcement-related circumstances.
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.
