Articles with tag like: fine

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Norway regulators to fine Grindr USD 11.7 mln for alleged data sharing

News | Digital Identity, Security & Online Fraud | 28 Jan 2021

Norwegian regulators have announced intentions to fine popular gay dating app Grindr with nearly USD 12 million over alleged data-sharing practices, according to ABC News.

Norway, regulators, Grindr, fine, data sharing, data privacy, data sovereignty, third parties, dating app, Norwegian Data Protection Authority

Deutsche Bank agrees to pay USD 120 million to settle bribery charges

News | Payments General | 14 Jan 2021

Deutsche Bank has agreed to pay USD 120 million to resolve bribery charges brought by the Securities and Exchange Commission (SEC) relating to violations of the Foreign Corrupt Practices Act (FCPA).

financial crime compliance, AML, risk management, bribery, fine, SEC, DOJ, Germany, Deutsche Bank

MT Global penalised with USD 32 mln over anti-money laundering failures

News | Digital Identity, Security & Online Fraud | 08 Jan 2021

Britain’s tax authority has fined MT Global, a private money services business, with USD 32.4 million for significant breaches of anti-money laundering regulations.

MT Global, AML, fine, financial crime, UK, Majesty’s Revenue and Customs, HMRC, due diligence, record keeping, payments

H&M fined EUR 35.2 mln fine over violating EU privacy rules

News | Digital Identity, Security & Online Fraud | 07 Oct 2020

Privacy regulators in Germany have posed to H&M a fine of EUR 35.2 million for violating EU privacy laws.

h&M, data privacy, law, GDPR, retail, fine, regulation, compliance

Capital One to pay USD 80 mln fine over 2019 data breach

News | Digital Identity, Security & Online Fraud | 07 Aug 2020

Capital One Financial must pay an USD 80 million fine over issues related to a data breach in 2019 that exposed more than 106 million records of customers and credit card applicants.

Capital One Financial, data breach, fine, security, US, fraud prevention, OCC, banking, customer data

Apple fined USD 1.2 billion by French antitrust regulator

News | Ecommerce | 17 Mar 2020

France’s competition watchdog has fined iPhone maker Apple USD 1.23 billion, saying it was guilty of anti-competitive behaviour towards its distribution and retail network, according to Reuters.

Apple, retail, taxation, France, US, retailer, fine, ecommerce, commerce, retail stores

INR 25 lakh penalty imposed by RBI on Andhra Bank for KYC, AML non-compliance

News | Digital Identity, Security & Online Fraud | 06 Dec 2019

The Reserve Bank has imposed a fine of INR 25 lakh on Andhra Bank for non-compliance with certain provisions of directions issued on KYC and AML.

RBI, fine, Andhra Bank, KYC, AML, India, penalty, bank, banking regulation, compliance, accounts

European price-comparison shopping services say Google still playing unfairly

News | Ecommerce | 29 Nov 2019

Idealo, Axel Springer’s price-comparison shopping service and 40 other European peers, have accused Google of tilting the playing field in its favour.

idealo, Ceneo, Kelkoo, Foundem, Google, Heureka, EC, European Commission, fine, ecommerce, price comparison

Block.one to pay USD 24 million fine for unregistered ICO

News | Cryptocurrencies | 01 Oct 2019

Block.one has agreed to pay a USD 24 million civil fine to settle US regulatory charges that the blockchain company conducted an unregistered initial coin offering.

ICO, tokens, fine, SEC, blockchain, cryptocurrency, US, Block.one

Silverbond Enterprises fined GBP 1.8 mln

News | Digital Identity, Security & Online Fraud | 16 Sep 2019

Silverbond Enterprises, a land-based casino, has received a GBP 1.8 million fine, following a Gambling Commission investigation into its Park Lane Club in Mayfair.

Silverbond Enterprises, casino, gambling, fine, money laundering, fraud prevention, customer experience

Equifax fined cca USD 700 mln for security issues

News | Digital Identity, Security & Online Fraud | 23 Jul 2019

The Federal Trade Commission has said that credit bureau Equifax agreed to pay up to USD 700 million to settle federal and state charges for a security breach.

Equifax, fine, security, regulations, federal charges, security breach, hackers, personal data, fraud, social security numbers, fraudsters

Irelands Central Bank hands down EUR 5.9 mln fine to Wells Fargo

News | Payments General | 08 Jul 2019

Wells Fargo’s Irish subsidiary was fined EUR 5.9 million for a prolonged series of regulatory reporting breaches.

regulatory reporting breaches, fine, banking, Ireland, Wells Fargo

Record GBP 183 million fine for British Airways data breach

News | Digital Identity, Security & Online Fraud | 08 Jul 2019

British Airways (BA) has received a record fine of GBP 183 million for a breach of its security systems that happened in 2018.

British Airways, BA, fine, data breach, online security, data protection, GDPR, UK, security systems

Bank Of Scotland fined GBP 45.5 mln for fraud

News | Digital Identity, Security & Online Fraud | 04 Jul 2019

The Bank Of Scotland has been fined GBP 45.5 million for failing to report suspicions about a GBP 245 million fraud scandal.

Bank of Scotland, fine, fraud, scam, scandal, FCA, Financial Conduct Association, bank, justice, risks, HBOS, Lloyds Banking Group, loans

GDPR: French company to pay close to 1 percent of the yearly turnover

News | Digital Identity, Security & Online Fraud | 04 Jul 2019

The French data protection authority Commission nationale de l`informatique et des libertés (CNIL) imposed a EUR 400,000 fine on French property management company Sergic.

CNIL, fine, GDPR, banking information, security, fraud prevention, data, France

Reserve Bank of India fines HDFC Bank for KYC norms violation

News | Digital Identity, Security & Online Fraud | 19 Jun 2019

Reserve Bank of India has revealed it fined the private sector lender HDFC Bank INR 1 crore for not reporting frauds and non-compliance with other directions.

Reserve Bank of India, fine, India, HDFC Bank, violation, KYC, norms, compliance, fraud, bills, BoEs, currency monetary penalty, regulations

Standard Chartered to pay USD 1.1 bln fine for breaching AML laws

News | Digital Identity, Security & Online Fraud | 30 Apr 2019

Standard Chartered has agreed to pay USD 1.1 billion to settle allegations by regulators in both the US and UK for breaching anti-money laundering laws and economic sanctions.

Standard Chartered, AML, fine, regulation, compliance

Visa Europe pays USD 15 million to settle Italy tax dispute

News | Cards | 28 Jan 2019

Visa Europe has paid USD 15 million to settle a dispute in Italy over alleged tax evasion, a judicial document filed by Milan prosecutors showed, according to Reuters.

Visa Europe Service, settlement, fine, Europe, cards, credit card, debit card, Italy

Google to pay EUR 50 million GDPR penalty over ads

News | Digital Identity, Security & Online Fraud | 22 Jan 2019

Google has been fined 50 million euros by CNIL, a French data regulator, for a breach of the EU’s data protection rules.

Google, CNIL, data regulator, GDPR, fine, Europe, data protection, data consent, Google ads

First round of fines under GDPR expected by the end of 2018

News | Digital Identity, Security & Online Fraud | 10 Oct 2018

European authorities expect the first round of sanctions to be applied to companies that do not comply with GDPR by the end of 2018.

GDPR, fine, fraud prevention, data protection, consent, data controllers, privacy