Kia Motor and Hyundai Motor’s US units on Sunday agreed to a record $210 million civil penalty after US auto safety regulators announced they failed to recall 1.6 million vehicles for engine issues in a timely manner.
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South Korean Watchdog Seeks Criminal Prosecution, Fines Facebook Over Personal Data Misuse
A South Korean watchdog group that protects personal information in the country fined Facebook $6.06 million on Wednesday morning and even sought a criminal probe for providing users’ personal data to other operators without any consent.
JPMorgan Chase Agrees to Pay $250 Million over Deficient Risk Management Practices
JPMorgan has agreed to pay a $250 million civil money penalty after failing to “maintain adequate internal controls and internal audit” over its asset and wealth management division, the New York-based banking giant said on Tuesday.
British Financial Conduct Authority Fines TFS-ICAP
United Kingdom’s financial regulator fined currency options broker TFS-ICAP $4.6 million on Monday afternoon for routinely reporting fake trades to customers for almost ten years.
Turkish Regulator Fines Social Media Firms for Violating Online Law
Turkey issued fines against the world’s leading social media companies after failing to appoint a local representative to guarantee that they are complying with the country’s new internet law, a senior official said on Wednesday.
Hong Kong Fines Goldman Sachs $350 Million over 1Malaysia Development Berhad Bribery Scandal
Hong Kong’s financial watchdog fined the Asian unit of Goldman Sachs Group Inc. $350 million for its involvement in the state fund 1Malaysia Development Berhad bribery scandal, the regulator said on Thursday.