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Facebook owner Meta to share data with UK banks to counter scams
Jakub Porzycki | Nurphoto | Getty Images Facebook parent company Meta on Wednesday said that it’s working with two leading banks in the U.K. on an information-sharing arrangement to help protect consumers from fraud. Meta said it was expanding its Fraud Intelligence Reciprocal Exchange (FIRE) to enable U.K. banks to directly share information with the […]
Why your Roth IRA conversions could have ‘unintended’ tax consequences
Baona | E+ | Getty Images As year-end approaches, you may be eyeing Roth individual retirement account conversions. The strategy, however, boosts your income, which can have other tax consequences, experts say. Roth conversions shift pretax or nondeductible IRA funds to a Roth IRA, which provides future tax-free growth. But the converted balance boosts your […]
Taiwan’s new AML laws put crypto firms on notice
The Taiwanese FSC has released new Anti-Money Laundering laws that will completely replace its current regulations and require the full compliance of VASPs.
Hacking Generative AI for Fun and Profit
You hardly need ChatGPT to generate a list of reasons why generative artificial intelligence is often less than awesome. The way algorithms are fed creative work often without permission, harbor nasty biases, and require huge amounts of energy and water for training are all serious issues. Putting all that aside for a moment, though, it […]