Ethics & Training
Roblox Faces Class Action Lawsuit Over Alleged Covert Tracking of Children’s Data
Roblox Corporation is facing a class action lawsuit filed in California federal court that accuses the platform of secretly collecting and sharing data from children without proper consent.
New gTLDs and Subdomains: A Growing Threat in Cybercrime Landscape
A study by Interisle Consulting reveals a troubling trend: although new generic top-level domains (gTLDs) account for just 11% of the market for new domain registrations, they represented 37% of all cybercrime domains reported between September 2023 and August 2024.
CMA, ISDB and LSEG publish guidance on green, social and sustainable sukuk
Source: ICMA
The International Capital Market Association (ICMA), the Islamic Development Bank (IsDB) and LSEG (London Stock Exchange Group) today publish new guidance on the issuance of green, social and sustainability sukuk (together, “sustainable sukuk”).
Binance pulls out of FTX takeover
Binance says it will not go ahead with plans to buy FTX, citing the results of due diligence and reports of US regulatory investigations into its rival crypto exchange.
FTC Probes AI and Data Use in 'Surveillance Pricing' Practices
The Federal Trade Commission is investigating how companies like Mastercard and JPMorgan Chase use AI and personal data to set different prices for people.
ECB Experts Warn of Bitcoin's 'Emperor's New Clothes' Phenomenon
Senior payment experts from the European Central Bank have characterized the SEC's recent approval of spot exchange-traded funds (ETFs) for bitcoin as a stark illustration of the "Emperor's New Clothes" phenomenon. They argue that this move legitimizes a currency whose intrinsic value as an asset is essentially negligible.
BNP Paribas Asset Management releases ESG e-learning primer for clients and staff worldwide
Source: CFA Institute
BNP Paribas Asset Management (BNPP AM) and CFA Institute today announced the global launch of an e-learning primer to support the understanding of the importance of acquiring ESG (Environmental, Social and Governance) skills and the growing need for greater sustainability knowledge and awareness among finance and investment professionals.
Commonwealth studies potential of AI in finance for Americans earning low to moderate incomes
Source: Commonwealth
Commonwealth released key insights gleaned from a three-year project supported by JPMorgan Chase designed to achieve the promise of artificial intelligence for all by focusing on ensuring that the needs of households earning low to moderate incomes (LMI) are understood and integrated into financial design and implementations.
XTB hires head of artificial intelligence
Source: XTB
XTB, a global fintech offering online investing platform and mobile app, announced today the appointment of Tomasz Gawron to lead the company's Artificial Intelligence (AI) department.
CFA paper calls for ethical use of AI
Ethical considerations should feature more prominently in the use of artificial intelligence (AI) in the investment management world, according to a recently published paper.
U.S. Treasury Seeks Public Input on AI in Financial Services
The U.S. Department of the Treasury is inviting public comments on the risks and opportunities presented by the use of artificial intelligence (AI) in the financial services sector.
Kroll invests in fraud detection platform EverC
Source: Kroll
EverC, a pioneer in AI-driven merchant and marketplace risk intelligence and insights for ecommerce and payment providers, recently announced a new investment by the & Opportunity Fund and strategic partnership with Kroll, the leading independent provider of risk and financial advisory solutions.
FinCEN fines USAA $140 million for violating Bank Secrecy Act
Source: FinCEN
The Financial Crimes Enforcement Network (FinCEN) today announced that it has assessed a $140 million civil money penalty against USAA Federal Savings Bank (USAA FSB) for willful violations of the Bank Secrecy Act (BSA) and its implementing regulations.