Category: fine
-
Record $4.5 billion EU fine punished its innovation, Google tells EU court
•
Written by Fu Yun Chi BRUSSELION (Reuters)-A record fine in the European Confederation Anti-monopoly Union amounted to 4.3 billion euros (4.5 billion dollars) imposed on Google seven years ago, punishing the technology giant for its innovation, according to the unity of the supreme alphabet in Europe on Tuesday, where the…
-
BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws
•
BitMEX, the cryptocurrency trading platform, suffered significant losses $100 million fine Because it violates US Anti-Money Laundering (AML) requirements. This penalty arises from the company’s non-compliance with the US Bank Secrecy Act (BSA), which has allowed illegal transactions to take place on its platform for several years. Non-compliance with KYC…
-
BitMEX Slapped With $100 Million Fine For Violating Anti-Money Laundering Laws
•
BitMEX, the cryptocurrency trading platform, suffered significant losses $100 million fine Because it violates US Anti-Money Laundering (AML) requirements. This penalty arises from the company’s non-compliance with the US Bank Secrecy Act (BSA), which has allowed illegal transactions to take place on its platform for several years. Non-compliance with KYC…
-
Toronto Dominion Bank stock sinks on report of massive U.S. fine By Investing.com
•
Toronto Dominion Bank (NYSE:) stock price fell more than 5% on Thursday following reports of an upcoming $3 billion settlement related to anti-money laundering practices in the United States. According to the Wall Street Journal, citing sources familiar with the matter, TD’s US unit is expected to plead guilty to…
-
FTC slaps GameStop CEO with $1 million fine over Wells Fargo shares
•
Gamestop Corp. CEO Ryan Cohen is set to pay a nearly $1 million fine for allegedly violating antitrust law by acquiring shares in Wells Fargo & Co. Cohen failed to file a form he was required to submit to antitrust agencies under the Hart-Scott-Rodino Act after his purchases of Wells…
-
PwC invests in ‘high quality’ business in China after record fine, internal memo says By Reuters
•
Written by Shi Yu HONG KONG (Reuters) – PwC said it is making “concrete investments” to ensure the Big Four firms have high-quality and sustainable business in China, after Chinese regulators on Friday imposed a record penalty on the firm’s mainland unit. PwC Zhong Tian LLP was suspended for six…
-
Crypto Firm Galois Capital Faces $200K Fine From US SEC For ‘Investor Violations’
•
Ronaldo is an experienced crypto enthusiast who is dedicated to this emerging and ever-evolving industry. With over five years of intensive research and tireless dedication, he has developed a deep interest in the world of cryptocurrencies. Ronaldo’s journey began out of curiosity, which soon turned into a deep passion to…
-
NHS IT firm faces £6m fine over medical records hack
•
A software provider is facing a potential £6m fine following a 2022 ransomware attack that disrupted NHS and social care services across England. The Information Commissioner’s Office (ICO) has provisionally concluded that Advanced Computer Software Group did not implement adequate measures to protect the personal data of 82,946 people affected…
-
US regulators fine Citi $136 million for failing to fix longstanding data issues By Reuters
•
By Michelle Price, Beth Schroeder, and Tatiana Bautzer WASHINGTON (Reuters) – U.S. banking regulators have fined Citigroup Inc $136 million for making “insufficient progress” in fixing data management issues identified in 2020 and required the bank to demonstrate it is devoting sufficient resources to the effort. The U.S. Federal Reserve…
-
Heavily indebted countries can look just fine until suddenly they don’t, BIS warns
•
The Bank for International Settlements has warned that heavily indebted countries are at risk of a sudden loss of confidence, although this risk is hardly recognised in bond markets. The Basel-based institution said in its report: Annual Economic Report On Sunday, the World Bank Group released a report stressing that…
-
PetroChina to pay $14.5 million fine for US export violations, DOJ says By Reuters
•
WASHINGTON (Reuters) – PetroChina International America, a unit of PetroChina, has agreed to pay a fine and forfeiture totaling $14.5 million for violating U.S. export law, the U.S. Justice Department said on Tuesday. The US Attorney’s Office for the Southern District of Texas said in a press release that authorities…
-
Company Lawyer Says $10 Million Fine is Appropriate
•
Turkish lire; Dr Ripple asserts that the SEC’s proposed $2 billion penalty is excessive, suggesting a fine of no more than $10 million. The company’s CEO expects to reach a decision by the summer of 2024, although the complex legal process may cause delays. Ripple’s arguments The legal dispute between…
-
Company that bred beagles for medical research agrees to pay record $35m fine
•
A company that breeds beagles for medical research agreed Monday to pay a record $35 million as part of its criminal plea that it neglected thousands of dogs at its kennel facility in rural Virginia. Prosecutors said the penalties were the largest ever in an animal welfare case. The plea…
-
Zimbabwe to fine businesses not using official new exchange rate By Reuters
•
HARARE (Reuters) – Zimbabwe will impose fines on companies that use inflated exchange rates as the government struggles to preserve the value of its new gold-backed currency, Zimbabwe Gold (ZiG). Any company using an exchange rate higher than the official rate of 13.5 zig per U.S. dollar would be liable…
-
Binance Slapped With $4.4 Million Fine By Canadian Government
•
Canada fined Binance – the world’s largest cryptocurrency exchange – for violating the country’s anti-money laundering rules last year. to General note Published on Thursday, the federal government said Binance had not complied with rules and registrations related to operating as a foreign financial services business (FMSB). Binance was fined…