Binance Founder Changpeng Zhao Pleads Guilty to Money Laundering Violations - Changpeng Zhao will pay a $50 million fine and step down as chief executive of the compan... - https://www.nytimes.com/2023/11/21/technology/binance-changpeng-zhao-pleads-guilty.html #regulationandderegulationofindustry #bankingandfinancialinstitutions #appointmentsandexecutivechanges #suitsandlitigation(civil) #decisionsandverdicts #fines(penalties) #virtualcurrency #moneylaundering #zhaochangpeng #corporations
Of the 21 municipalities, one electoral area and one Treaty First Nation that make up Metro #Vancouver, more than half issued fines ranging from $100 to $500 to residents who flouted #WaterRestriction rules put in place Aug 4.
Head of Dubai Crypto Regulator to Quit to 'Pursue Other Interests' - Henson Orser, the CEO of VARA, Dubai's crypto regulator, is set to leave the job and will... - https://www.coindesk.com/business/2023/11/16/head-of-dubai-crypto-regulator-to-quit-to-pursue-other-interests/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #finance #dubai #fines #news #vara #uae
UK data watchdog fines three text spammers for flouting electronic marketing rules – Source: go.theregister.com https://ciso2ciso.com/uk-data-watchdog-fines-three-text-spammers-for-flouting-electronic-marketing-rules-source-go-theregister-com/ #rssfeedpostgeneratorecho #TheRegisterSecurity #CyberSecurityNews #TheRegister #Watchdog #fines
Saskatchewan gas utility could face steep fines and jail for not remitting carbon tax
Clearview AI Successfully Appeals $9 Million Fine in the U.K. - A court ruled that a British agency does not have jurisdiction over how foreign law enfor... - https://www.nytimes.com/2023/10/18/technology/clearview-ai-privacy-fine-britain.html #regulationandderegulationofindustry #facialrecognitionsoftware #decisionsandverdicts #lawandlegislation #fines(penalties) #clearviewaiinc #greatbritain #unitedstates #privacy
Police issue 24 fines for Shaun Bailey’s team’s ‘jingle and mingle’ Covid party | The Independent
Nearly 3 years late, but better late than never
Still... at least Shaun Bailey gotr more votes in the #londonMayor election than the next hopeless candidate they put up.....
THAT'S. WHAT. T&S. DOES?
Automakers now feel blue
For they're dealing with fines that are due
From Biden's fuel rules
That leave them as fools
They said 'unfeasible' was its truth
The regulations generate no use
#Women #Transgender #LGBTQ #LGBTQIA #Conservatives #Extremism #Fascism #Censorship #RepublicanParty #Hate #Bigotry #Violence #Genocide #Discrimination #Racism #Homophobia #Transphobia #ThePartyOfHate
Grocer summit to ‘take the heat off’ Ottawa, not tackle food inflation: experts
TikTok has been fined €345m (£296m) ($368M) for it's mishandling of Data from children's accounts and other breaches of the GDPR. More details can be found in the article, but revolves mainly around making child profiles public by default and not enforcing parental controls
The Catalan Traffic Service filed 758,659 fines for speeding throughout the country in 2022, justified by an alleged reduction in mortality of between 65% and 80% in areas where there are speed cameras #fines
CFTC fines Mirror Trading $1.7B for Bitcoin-related forex fraud - The CFTC has brought or resolved ten fraud cases involving digita... - https://cointelegraph.com/news/cftc-fines-mti-1-7b-for-bitcoin-related-forex-fraud #unitedstates #fines #fraud #cftc
Houston "Food Not Bombs" in Court over Feeding the Unhoused
Citations, issued for “conduct[ing] a food service event without consent of property owner” carry potential #fines ranging from $254 (if volunteers don’t contest the tickets) to as much as $2,000.
Rather than eating the fines, volunteers have been opting for jury trials. The ultimate goal is to overturn the ordinance itself.
“This is an #unconstitutional law. It prevents freedom of speech and freedom of assembly.
Meta May Offer Ad-Free Subscriptions for Instagram and Facebook in the E.U. - The subscription plan is a response to European Union policies and court rulings to restr... - https://www.nytimes.com/2023/09/01/technology/meta-instagram-facebook-ads-europe.html #generaldataprotectionregulation(gdpr) #regulationandderegulationofindustry #computersandtheinternet #mobileapplications #fines(penalties) #instantmessaging #metaplatformsinc #europeanunion #instagraminc #socialmedia #facebookinc
Wie was, diese Firma gehört Google und sind deswegen auch sicher & gut oder, oder...???
»Fitbit soll Daten im großen Stil illegal verarbeiten«
A post on Proton's Blog about why we need bigger fines for Big Tech.
in short, the fines we have levied, although in the billions, are almost nothing compared to the cash on hand of the tech giants.
Since the EU introduced the GDPR in 2018 it has fined companies a total of $7 Billion. The article includes a chart, but most big tech companies, have over $50 billion readily available cash on hand.
My bet is - and the Guardian doesn't mention this - those councils are still quids-in from the #fines they rake in. 'No motor vehicles' signs half way down a street, not at a junction, with no road paint are designed to trap the unwary, IMO. They don't all habe a pinch point and boxes, as per photo.
This should not be newsworthy. It should not take hundreds of thousands of dollars in court judgements to make news be news again. For reporters to report the facts - in real time, not in a disclaimer after the interview is aired - is not too much to ask; we need a 21st Century Fairness Doctrine.
#make #news news #again #Fairness #Doctrine #for #today #opinion #commentary #news #reporting #press #social #media #companies #regulations #disclaimer #law #suit #fines https://www.mediaite.com/tv/newsmax-host-reads-disclaimer-acknowledging-2020-election-results-as-legal-and-final-after-trump-claims-it-was-rigged
Politico has the best timeline description I have seen so far of this story....
Other coverage of the same story:
On Feb 2, #Twitter filed a motion to vacate the #nondisclosure order & #JackSmith’s team sought a #contempt order from Howell. Howell held Twitter in contempt & approved #fines beginning at $50k/day, doubling for each day of #noncompliance.
“The court adopted that suggestion, noting Twitter was sold for over $40B & its owner’s net worth was over $180B. Twitter did not object to the sanctions formula,” the appeals court noted.
Twitter did not fully comply until Feb 9, resulting in the $350k fine.
@JuliusGoat *nodds in agreement*
For example: Illegally parking somewhere despite signage banning it is seen as a "business expense" by rich people instead, as it's cheaper than pay for a fixed parking spot in a garage...
TikTok was already fined 12.7 million in the UK for illegal processing the data of over a million children. Now the EU is going after them breaching children's privacy Laws.
A while ago on the #OrangeSite I read a comment by someone claiming that #GDPR #fines for using #GoogleFonts were unconscionable because browsers are #UserAgents and companies shouldn't be fined for what they do.
This is of course incredulous victim blaming, but it does bump up against an uncomfortable fact: the term "user agent" as applied to browsers is at best useful fiction.
A real user agent would not have a mechanism to load arbitrary untrusted code into itself or contact third parties.
The #FTC’s demands of #OpenAI are the first indication of how it intends to enforce those warnings. If the FTC finds that a company violates #ConsumerProtectionLaws, it can levy #fines or put a business under a #ConsentDecree, which can dictate how the company handles data. The FTC has emerged as the federal government’s top #SiliconValley cop, bringing large fines against #Meta, #Amazon & #Twitter for alleged violations of consumer protection laws.
#GDPR fines hit €1.5 billion in H1 2023. Companies had to pay over €1.5 billion in GDPR #fines through the first half of 2023. On May 25th, GDPR celebrated its 5th anniversary. Throughout this time, businesses received 1679 fines combining to a sum of nearly €4 billion.
The data is based on GDPR Enforcement Tracker statistics. CMS — International Law Firm tracked all of the numbers provided on the website. Not all penalties are made public.
Fines - do you think they should be based on income? For example, should a millionaire face the same fine for speeding as a minimum wage earner? Or should it be based on a percentage of income in order to have a more equal impact? The way fines are now, there is no incentive for the wealthy to follow the rules or laws. Lower income earners are more adversely influenced impacted. #fines #laws if you want to boost for more responses, that would be cool too.
China Hits Ant Group with $985 Million Fine - After nearly three years of regulatory scrutiny, the fine is seen as a sign that Beijing ... - https://www.nytimes.com/2023/07/07/business/alibaba-ant-group-fine.html #regulationandderegulationofindustry #bankingandfinancialinstitutions #antfinancialservicesgroup #initialpublicofferings #alibabagroupholdingltd #peoplesbankofchina #fines(penalties) #majack #china
I really don't understand this. This article mentions in passing that Asda was fined £30,000 twice for failing to respond to information requests and for being unable to explain how being taken over affected its fuel pricing policy. In the same paragraph it mentions that Asda is acquiring a fuel business for £2.27bn.
Asda has enough money to be able to make acquisitions of businesses that are not its core business costing in the billions. A fine in the tens of thousands is literally not even noticeable to them. What is the point? I accept the CMA may not have power to impose a greater fine (I don't know), but what's the point in a regulator that either cannot or will not impose fines that actually hurt their targets?
It happens all over the place, companies being handed fines that aren't even negligible, they're just not actually noticeable. Nobody will follow the rules if it costs substantially less to break them than it does to follow them.
“Nobody’s Going to #Silence Me”
Soon... Probably a year from now or less, the change in the #walledgarden that was #DelistedTWTR will be l👀ked at and measured as the fundamental business model it was founded on changed and the decline that followed went the way of #myspace and #friendster but without a #TomFromMyspace #Instagram twist. 🔮
These are #fines 💸💸💸💸 /$oon
Remember, no #users on the service = 💥
Former NYSE Broker to Pay $54M to Settle CFTC Crypto Fraud Charges - Michael Ackerman pleaded guilty in 2021 to charges of defrauding around 150 investors for... - https://www.coindesk.com/policy/2023/06/28/former-nyse-broker-to-pay-54m-to-settle-cftc-crypto-fraud-charges/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #regulations #courtcases #policy #fraud #fines #news #cftc #us
@EmilyGB2023 that would actually work.
For example, Customs #TaxFraud in the sense of importing cigarettes without properly declaring and paying taxes on them, carries a penalty of 400% the amount of tax owed + the tax owed and the cigarettes get confiscated by customs in #Germany...
Mmmm.... Can we do that here, too please?
#DollarGeneral Investors Defy Board By Approving #Safety #Audit After US #Fines
European countries are not the only ones cracking down on #climate activists:
"This politically motivated crackdown on protest by successive Australian authorities appears designed to intimidate the climate movement and create a chilling effect on those thinking of taking to the streets."
"During his campaign, Carnahan claimed to support "#amnesty and #communityservice instead of #fines" for #nonviolent #offenses. He said that #defendants in his courtroom "convicted of #theft or other #misdemeanors" are likely "to find themselves sentenced to get their #GED."
Latest on the ongoing #Twitter disaster:
"...An unnamed #FTC spokesperson said the agency was “tracking recent developments at Twitter with deep concern. No #CEO or company is above the law, and companies must follow our consent decrees. Our revised consent order gives us new tools to ensure compliance, and we are prepared to use them...”
The Week in Tech: Huge Fines Can’t Hide America’s Lack of a Data Privacy Law - Rules protecting user data could encourage companies to behave better, but there’s little agreemen... more: https://www.nytimes.com/2019/07/26/technology/facebook-data-privacy.html?emc=rss&partner=rss #antitrustlawsandcompetitionissues #computersandtheinternet #federaltradecommission #fines(penalties) #microsoftcorp #facebookinc #socialmedia #equifaxinc #privacy
New Privacy Rules Could Make This Woman One of Tech’s Most Important Regulators https://www.nytimes.com/2018/05/16/technology/gdpr-helen-dixon.html?partner=rss&emc=rss #RegulationandDeregulationofIndustry #AntitrustLawsandCompetitionIssues #Data-MiningandDatabaseMarketing #ComputersandtheInternet #Fines(Penalties) #EuropeanUnion #SocialMedia #FacebookInc #Dixon,Helen #HelenDixon #Privacy #Ireland