Articles with tag like: penalty

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11 banks penalised by UAE's central bank for violating anti-money laundering rules

News | Payments General | 01 Feb 2021

The UAE Central Bank has penalised 11 banks for violating anti-money laundering (AML) regulations, imposing financial sanctions of over USD 124,55 mln (Dh 45.75 million).

AML, banks, penalty, reporting suspicious activity, fraud prevention, United Arab Emirates, central bank

Robinhood penalised by SEC with USD 65 million for misleading users

News | Payments General | 21 Dec 2020

The Securities and Exchange Commission (SEC) has charged the makers of Robinhood, a popular stock trading app, with ‘misleading customers about revenue sources and failing to satisfy the duty of best execution’.

Securities and Exchange Commission, SEC, Robinhood, trading app, fintech, penalty, US, transaction fees

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

ANZ to be penalised for wrongfully charging periodical payment fees

News | Digital Identity, Security & Online Fraud | 25 Jul 2019

The Australian Securities and Investments Commission (ASIC) will file civil penalty proceedings against ANZ seeking to fine the bank for wrongfully charging customers fees on 1.3 million occasions.

Australian Securities and Investments Commission, ASIC, ANZ, penalty, bank, Australia

MoneyGram agrees to pay USD 125 mln in FTC settlement

News | Digital Identity, Security & Online Fraud | 09 Nov 2018

MoneyGram International has agreed to pay USD 125 million to settle allegations that the company failed to take steps to crack down on fraudulent money transfers, according to US Federal Trade Commission.

MoneyGram International, fraud prevention, online security, allegations, penalty, fraudulent money transfers, US

SEC fines Credit Suisse USD 10 million over customer orders

News | Digital Identity, Security & Online Fraud | 02 Oct 2018

The US Securities and Exchange Commission has fined Credit Suisse Group USD 10 million over its handling of retail customer orders, including through its dark pool.

US Securities and Exchange Commission, fine, penalty, Credit Suisse Group, dark pool, US, Switzerland

EC fines Google over controlling the Shopping service in Europe

News | Ecommerce | 18 Jul 2018

The European Commission has fined Google with EUR 2.42 billion after it ruled the company had abused its power by promoting its own shopping comparison service at the top of search results.

European Commission, Google, fine, ecommerce, shopping service, GAFAs, penalty, online advertising

Yahoo fined USD 35 million by SEC for a 2014 data breach

News | Digital Identity, Security & Online Fraud | 25 Apr 2018

The United States Securities and Exchange Commission has fined Yahoo USD 35 million for failing to disclose a security breach that took place in 2014.

SEC, Yahoo, data breach, penalty, fine, hackers, identity theft, US, online security