fines

China Fines Tencent, Alibaba For Failing to Report Deals 
China Fines Tencent, Alibaba For Failing to Report Deals 
January 05, 2022  |  ANTITRUST

China’s market regulator has fined Alibaba, Tencent Holdings and Bilibili Inc. for failing to properly report several deals.   As Reuters reported Tuesday (Jan. 4), the...

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‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
‘Failings’ in HSBC Bank’s AML System Lead to $84M Fine
December 17, 2021  |  Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined HSBC Bank £63,946,800 ($84.7 million) for “failings” in its anti-money laundering (AML) system. The FCA reported the...

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Europe’s Battle to Curb Big Tech’s Power Continues With More Fines
Europe’s Battle to Curb Big Tech’s Power Continues With More Fines
December 10, 2021  |  Big Tech

It’s been another week of heavy fines and warnings aimed at curbing Big Tech’s power in the European Union (EU) and across Europe. Earlier this...

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Amazon Plans Appeal Following $1.3B Fine in Italian Antitrust Case
Amazon Plans Appeal Following $1.3B Fine in Italian Antitrust Case
December 09, 2021  |  Amazon

Amazon said it would appeal a $1.3 billion fine from Italy’s antitrust regulator after the eCommerce giant was found to favor third-party sellers that use...

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Italian Antitrust Authority Fines Amazon and Apple $225M+
Italian Antitrust Authority Fines Amazon and Apple $225M+
November 23, 2021  |  ANTITRUST

Italy’s antitrust authority fined Amazon.com and Apple, Inc., more than 200 million euros ($225 million) for alleged anti-competitive cooperation related to the sales of Apple...

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Google Loses Appeal of $2.8B EU Shopping Ads Antitrust Suit
Google Loses Appeal of $2.8B EU Shopping Ads Antitrust Suit
November 10, 2021  |  Google

Google lost an appeal in General Court of the European Union in Luxembourg on Wednesday (Nov. 10) related to a 2017 decision by the European...

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GDPR Fines Exceed $1.1B in Q3
GDPR Fines Exceed $1.1B in Q3
October 04, 2021  |  Regulation

The General Data Protection Regulation (GDPR)’s 984.47 million euro fines (more than $1.14 billion) in the third quarter of 2021 was almost 20 times higher...

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Google Looks to Topple $5 Billion EU Antitrust Fine With Appeal
Google Looks to Topple $5 Billion EU Antitrust Fine With Appeal
September 27, 2021  |  ANTITRUST

Google on Monday (Sept. 27) launched its appeal to rescind the $5 billion antitrust fine levied by the European Union, according to a Wall Street...

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Ireland’s Data Watchdog Fines Facebook’s WhatsApp $267M
Ireland’s Data Watchdog Fines Facebook’s WhatsApp $267M
September 02, 2021  |  Regulation

Facebook’s WhatsApp was slapped with a record $267 million (€225 million) fine by Ireland’s Data Protection Commission (DPC) for violating the European Union’s (EU) data...

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