Klarna Faces Heavy GDPR Fine Upheld by Swedish Court of Appeal
Klarna, the Swedish fintech giant, has been ordered to pay a hefty fine of nearly three-quarters of a million dollars for breaching the European Union's General Data Protection Regulation (GDPR), according to a recent ruling by a Swedish court of appeal.
FTC Settles with Avast Over Privacy Violations
The Federal Trade Commission (FTC) has reached a settlement with software provider Avast, requiring the company to pay $16.5 million and prohibiting it from selling or licensing web browsing data for advertising purposes. This settlement addresses allegations that Avast and its subsidiaries sold such data to third parties despite promising consumers that their products would protect them from online tracking.
JPMorgan Set to Pay $350 Million Settlement Over Trade Data Oversight
JPMorgan Chase & Co. anticipates shelling out more than $350 million to resolve allegations from regulators concerning its failure to input trading information into market-surveillance systems. The largest bank in the United States disclosed this on Friday in its annual filing, stating that it is nearing agreements with two US regulatory bodies and is in advanced discussions with a third.
The United States Imposes Sanctions on Entities Smuggling Technology to Iran's Central Bank
The United States has placed sanctions on multiple companies and individuals involved in smuggling technology to the Central Bank of Iran (CBI), which has been designated by the US for its role in providing financial support to the Islamic Revolutionary Guard Corps-Qods Force and Hizballah.
New York Attorney General Sues Citibank Over Alleged Negligence in Protecting Customers from Fraud
The Attorney General of New York has filed a lawsuit against Citibank, alleging negligence in safeguarding customers against fraudulent activities and scams.
JP Morgan Fined $18 Million by SEC for Obstructing Reporting of Legal Breaches
JP Morgan has been fined $18 million by the Securities and Exchange Commission (SEC) for impeding clients and brokerage customers from reporting legal breaches to regulatory authorities. The payments giant has consented to paying the penalty charge.
Apex launches standalone ESG unit, Holtara
Source: Holtara
Today sees the launch of new sustainability services brand, Holtara.
Basel Committee tightens criteria for preferential regulatory treatment of stablecoins
Source: Bank for International Settlements
The Basel Committee on Banking Supervision today published a consultative document to propose targeted adjustments to its standard on banks' exposures to cryptoassets.
