fines

UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
UK Regulators Fine Barclays $31 Million For Poor Treatment Of Credit Customers
December 15, 2020  |  Bank Regulation

The U.K.’s Financial Conduct Authority (FCA) has fined Barclays £26 million ($31.6 million) for its treatment of consumer credit customers who fell into arrears on...

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UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
UK Watchdog Hits British Airways With $25.8M Fine Over Data Breach
October 16, 2020  |  Security & Fraud

British Airways (BA) must pay a $25.8 million fine for lacking the proper security measures that might have prevented a hacker in 2018 from exposing...

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EU Privacy Regulators Disagree On Twitter Fine
EU Privacy Regulators Disagree On Twitter Fine
August 20, 2020  |  Regulation

European Union (EU) privacy watchdogs are at odds over whether to fine Twitter Inc. for its handling of a data breach last year and how...

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NYC Quarantine Violators Could Face Fines Of Up To $10K
NYC Quarantine Violators Could Face Fines Of Up To $10K
August 05, 2020  |  Coronavirus

Visitors to New York City who are caught coming from states with high rates of COVID-19 could be assessed a hefty fine due to a...

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Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
Deutsche Bank Forks Over $150M In Epstein, Foreign Bank AML Settlement
July 07, 2020  |  Legal

Deutsche Bank has agreed to a $150 million settlement with New York regulators over allegations that the giant German bank was effectively asleep at the...

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Amazon (And Others) Brace For India’s New eCommerce Tax
Amazon (And Others) Brace For India’s New eCommerce Tax
February 10, 2020  |  Taxes

The jousting over eCommerce taxes — especially for U.S. firms operating on an international scale — is about to get more heated. Last week in...

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UK Fines Fender To The Tune Of $5.9M Over Anti-Competition Charges
UK Fines Fender To The Tune Of $5.9M Over Anti-Competition Charges
January 23, 2020  |  Retail

Guitar-maker Fender allegedly pressured online retailers to sell its products at inflated prices. The European arm of the company has consequently been penalized £4.5 million...

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UK Regulators’ Data Violations Fines Top $126.5M 
UK Regulators’ Data Violations Fines Top $126.5M 
January 20, 2020  |  Security & Fraud

Regulators in the U.K. have levied €114 million ($126 million) in fines for data violations since instituting new stronger privacy mandates in mid-2018, The Financial...

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Australia’s Westpac Nailed For 23M AML Violations 
Australia’s Westpac Nailed For 23M AML Violations 
November 20, 2019  |  Security & Fraud

Aussie banking giant Westpac was accused of violating anti-money laundering (AML) laws 23 million times, Reuters reported on Tuesday (Nov. 19). The country’s financial crime...

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