CFTC assembles task forces to combat cyber and tech issues, ESG fraud
By 
Jeff Dale2023-06-30T16:15:00
The Enforcement Division of the Commodity Futures Trading Commission (CFTC) announced Thursday it established two new task forces to combat cyberattacks and misuse of technology and environmental fraud.
The Cybersecurity and Emerging Technologies Task Force will tackle cybersecurity issues and concerns related to emerging technologies, including artificial intelligence (AI), according to an agency press release. The Environmental Fraud Task Force will combat environmental fraud and misconduct in derivatives and relevant spot markets.
The task forces comprise attorneys and investigators from various offices within the CFTC’s Enforcement Division.
Related articles
-
PremiumAppreciating ESG fraud risk management
The factors that surround the environmental, social, and governance disciplines have grown from just a few to more than 50 considerations, indicating all three ESG elements carry equal weight when evaluating a proper corporate strategy.
-
PremiumCFTC commissioner: Three ways to address climate-related financial risks
Christy Goldsmith Romero, a commissioner with the Commodity Futures Trading Commission, recommended three action items to help the agency and regulated entities “measure, understand, and address climate-related financial risk.”
-
PremiumCFTC commissioner crafting potential proposed rule on cyber resiliency
The Commodity Futures Trading Commission’s Technology Advisory Committee sponsored by Commissioner Christy Goldsmith Romero is crafting potential rulemaking to establish cyber resiliency baselines among swap dealers and futures commission merchants.
More from Regulatory Enforcement
-
News BriefSEC reportedly investigating MassMutual’s accounting amid ongoing government shutdown
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
-
News BriefAMLA: What difference will the agency make in the EU’s fight against moneylaundering?
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
-
ArticleFormer startup CEO gets 7 years in prison for $175M fraud against JPMorgan Chase
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.