NEW YORK—Major League Soccer (MLS) said on Friday that it had fined LA Galaxy $1 million for violating salary budget and roster guidelines in 2019. Sanctions for the team also include a $1 million loss of available future general allocation money. The North American league said that LA Galaxy President Chris Klein will be suspended…
US Fines 16 Wall Street Firms $1.8 Billion for Talking Deals, Trades on Personal Apps
U.S. regulators on Tuesday fined 16 financial firms, including Barclays, Bank of America, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley, and UBS, a combined $1.8 billion after staff discussed deals and trades on their personal devices and apps. The sweeping industry probe, first reported by Reuters last year and subsequently disclosed by multiple lenders, is…
Intel Seeks $624 Million in Interest From EU After Antitrust Fine Win
BRUSSELS—U.S. chipmaker Intel has filed a claim for 593 million euros ($624 million) in interest from the European Commission, five months after it convinced Europe’s second-top court to scrap a 1.06-billion-euro EU antitrust fine, an EU filing showed on Monday. Europe’s top court paved the way for such damage demands last year in a landmark…
Russian Court Fines Google $260,000 for Breaching Data Rules
June 17, 2022
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A Moscow court on Thursday said it had fined Alphabet’s Google 15 million rubles ($260,000) for repeatedly failing to comply with a Russian law requiring technology companies to localize user data. Russia has issued multiple fines to foreign technology companies in recent years over a range of infringements, in what critics say is Moscow’s attempt…
Russia Fines Meta Platforms Over ‘LGBT Propaganda’, Ifax Says
April 26, 2022
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A Russian court on Tuesday fined Meta Platforms Inc. 4 million roubles ($54,030) for failing to delete posts that contained what it calls “LGBT propaganda,” the Interfax news agency reported. A 2013 Russian law, decried by Western countries as state-enforced bigotry, bans the “promotion of non-traditional sexual relations to minors.” Meta did not immediately respond…
EU’s Vestager Says Tech Giants May Prefer Fines to Compliance, Cites Apple
BRUSSELS—Some U.S. tech giants may prefer to pay a fine rather than comply with antitrust rules, the European Union’s antitrust chief said, and cited Apple’s fight with the Netherlands’ competition authority as an example. The Dutch Authority for Consumers and Markets (ACM) imposed a 5-million-euro ($5.7 million) fine on Apple on Monday, the fifth such…
Ugandans Would Face Fines, Jail for Refusing COVID-19 Jab Under New Law
KAMPALA—Uganda plans to impose fines on people who refuse to be vaccinated against COVID-19 and those who fail to pay could be sent to prison under a new public health law which lawmakers are scrutinising, parliament said on Tuesday. Although the East African country started administering COVID-19 jabs nearly a year ago, only about 16…
Apple Given Fourth Dutch Fine in App Store Dispute
February 14, 2022
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AMSTERDAM—The Dutch antitrust watchdog fined Apple 5 million euros ($5.7 million) on Monday, its fourth such fine for failing to allow software application makers in the Netherlands to use non-Apple payment methods for dating apps on the App Store. The Authority for Consumers and Markets (ACM) has been levying weekly fines of 5 million euros…
Dutch Watchdog Fines Apple Again in App Store Dispute
February 7, 2022
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AMSTERDAM—The Dutch antitrust watchdog on Monday fined Apple a further 5 million euros ($5.71 million) for failure to comply with an order to open its app store to alternative payment systems for dating apps in the Netherlands. The new fine brings the total amount levied by the Authority for Consumers and Markets against the U.S….
Turkish Unit of Crypto Exchange Binance Fined, News Agency Says
ISTANBUL—Turkey’s Financial Crimes Investigation Board (MASAK) imposed an 8 million lira ($751,314) fine on the local unit of cryptocurrency exchange Binance over violations found during liability inspections, the Anadolu news agency said on Saturday. The fine imposed on BN Teknoloji was the first of its kind after the authority took on responsibilities to oversee crypto…
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