Category: fined
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Royal Mail fined record £10.5m for late deliveries
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Royal Mail has been fined a record £10.5 million by the postal regulator after more than a quarter of first-class letters were delivered late. Ofcom said the company had failed to meet its obligations to deal with letters quickly enough, marking the second financial penalty it faces in just over…
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DuPont plant in Louisiana fined $480,000 for releasing a cancer-causing chemical
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Breadcrumb links PMN BMN Business Article writer: Posted on October 29, 2024 • 2 min read You can save this article by registering for free here. Or log in if you have an account. Article content RESERVE, Los Angeles (AP) — A chemical manufacturing plant west of New Orleans has…
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Starling Bank fined £29m for ‘shockingly lax’ financial crime controls
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Starling Bank has been fined £29m by the Financial Conduct Authority (FCA) over “shockingly lax” financial crime controls that left the UK financial system exposed to criminals and sanctioned individuals. The Financial Supervision Authority’s investigation revealed that the digital bank failed to design and implement appropriate systems to mitigate the…
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SBM Bank fined Sh0.4m over spam emails to non-customer
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In May 2023, Kevin Kiprotich Rono received an unsolicited email from SBM Bank Kenya. However, since he was not a customer of the bank, he ignored the message. However, the emails continued, and in one year, the bank sent him a total of 327 messages. This means that the lender…
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SBM Bank fined Sh0.4m over spam emails to non-customer
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In May 2023, Kevin Kiprotich Rono received an unsolicited email from SBM Bank Kenya. However, since he was not a customer of the bank, he ignored the message. However, the emails continued, and in one year, the bank sent him a total of 327 messages. This means that the lender…
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PayPal fined $27.3 million by Polish watchdog for ambiguous clauses By Reuters
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WARSAW (Reuters) – Poland’s antitrust and consumer watchdog said on Monday it had fined PayPal Europe 106.6 million zlotys ($27.3 million) for failing to make clear in contractual terms to consumers which activities could result in fines. UOKiK said that prohibited activities that could result in penalties were described in…
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HSBC Fined £6.2 Million for Mishandling Customers in Financial Difficulty
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HSBC has been fined £6.2 million by the UK Financial Conduct Authority (FCA) for failing to properly support customers in arrears or financial difficulties. The financial watchdog highlighted that deficiencies in HSBC’s policies, procedures and staff training led to “disproportionate action” against defaulters, exacerbating their financial problems. Between June 2017…