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.

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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.

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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.

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