fines

Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
Nigeria Seeks $1.7B From JP Morgan Over ‘Gross Negligence’
February 23, 2022  |  Legal

Nigeria said JPMorgan was “grossly negligent” in transferring funds to the country’s disgraced former oil minister, and is suing the firm for $1.7 billion. Get...

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FTC Rules Seek Redress for Victims of Sham Schemes
FTC Rules Seek Redress for Victims of Sham Schemes
February 18, 2022  |  Regulation

New rules proposed by the Federal Trade Commission would seek redress for victims of sham money-making schemes and impose steep fines against violators, including multilevel...

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CMA: JD Sports, Footasylum Held Improper Meetings
CMA: JD Sports, Footasylum Held Improper Meetings
February 14, 2022  |  Regulation

The U.K.’s competition watchdog has fined sportswear retailer JD Sports and sneaker seller Footasylum $6 million (4.6 million pounds) for sharing commercially sensitive information. Get...

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Apple Fined Again in Dutch Dating App Case
Apple Fined Again in Dutch Dating App Case
February 14, 2022  |  ANTITRUST

Dutch antitrust regulators have levied a new 5 million euro ($5.6 million) fine against Apple over an order to open up app payments for dating...

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Google Sues South Korea’s Regulator to Reverse Antitrust Fine
Google Sues South Korea’s Regulator to Reverse Antitrust Fine
February 11, 2022  |  ANTITRUST

Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force...

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Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
Elevate Credit Ordered to Pay $3.3M for Predatory Lending Practices
February 10, 2022  |  Legal

Elevate Credit agreed to pay a minimum of $3.3 million for charging people interest rates above the 24% maximum allowed by Washington, D.C for loans...

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Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
Mastercard Hit with £31.5M Fine for Running Pre-Paid Card Ring
January 18, 2022  |  Mastercard

Mastercard and four other companies were fined a total of £33 million ($45.01 million) for their practices involving prepaid cards, with Mastercard being hit with...

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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.   Get the Full Story Complete the form...

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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. Get the Full Story...

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