The Swedish Data Protection Authority (IMY) has recently imposed penalties on Apoteket AB and Apohem AB, totaling SEK 37 million (€3.2 million) and SEK 8 million (€698,000), respectively. These fines come after an investigation revealed that both companies used Meta's Pixel tool inappropriately, resulting in the unauthorized transfer of privacy-sensitive personal data to Meta’s advertising platforms.
The Federal Reserve is set to revise its proposed capital rules for banks, emphasizing a more nuanced, risk-based approach. Michael S. Barr, Vice Chair for Supervision at the Federal Reserve, unveiled these plans in a recent speech at the Brookings Institution, signaling a significant shift in how regulators view bank resilience and risk management.
Wynn Las Vegas, a subsidiary of Wynn Resorts, Limited, has agreed to a staggering $130,131,645 forfeiture to settle criminal allegations that it conspired with unlicensed money-transmitting businesses to funnel funds for foreign gamblers. Announced by the U.S. Attorney's Office for the Southern District of California on September 6, 2024, the settlement is believed to be the largest forfeiture ever by a casino based on admissions of criminal wrongdoing.
The European Data Protection Board (EDPB) and the European Commission have announced a collaborative effort to develop guidance on the interplay between the General Data Protection Regulation (GDPR) and the Digital Markets Act (DMA).
Keurig Dr Pepper Inc., the beverage giant known for its popular single-serve coffee makers, has agreed to pay a $1.5 million penalty to settle charges brought by the Securities and Exchange Commission (SEC) over misleading recyclability claims about its K-Cup pods.
The Securities and Exchange Commission (SEC) today settled charges against nine registered investment advisers for violations of its Marketing Rule, a regulation designed to ensure transparency and honesty in financial advertisements. The firms involved were found to have made untrue or unsubstantiated claims, or published endorsements and third-party ratings that lacked required disclosures. The combined civil penalties for the violators total $1,240,000.
The European Banking Authority (EBA) has set in motion its annual transparency exercise for 2024, a crucial initiative aimed at assessing the robustness and risk profile of the European banking sector. This yearly undertaking, which has become a linchpin of EU banking supervision since its inception in 2011, seeks to bolster confidence in the EU financial system through enhanced transparency.