Tag: Fine

Morgan Stanley slapped with $6.5m fine for customer privacy breach

Morgan Stanley faced a substantial security lapse leading to a $6.5m fine that arose from the company’s negligent disposal of hardware.

FCA fines AI Rayan Bank £4m for AML failings

The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.

FCA slaps Metro Bank with £10m fine

The Financial Conduct Authority (FCA) has fined Metro Bank £10m for breaching the listing rules by publishing incorrect information to investors.

FCA slaps BGC/GFI with £4.8m penalty

The Financial Conduct Authority (FCA) has fined BGC Brokers, GFI Brokers and GFI Securities – together BGC/GFI - £4.8m for market abuse failings.

Irish regulator hits Meta with €265m fine

Ireland’s Data Protection Commission (DPC) has slapped Meta with a €265m fine after details of over half a billion users were leaked on a hacking page.  

5 US investment banks face $1bn in fines

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

Federal Reserve fines EagleBank $9.5m for regulation breach

The Federal Reserve Board has fined Maryland-based EagleBank $9.5m for violating the board’s insider lending regulation.

BitGo seeks $100m in damages after Galaxy terminates merger

Digital asset custody, trading and financing platform BitGo is seeking $100m in damages after Galaxy Digital terminates its merger agreement.

Russia imposes $358m fine on Google for information restriction failures

A Moscow court has slapped a $358m fine on Google for a failure to restrict access to information prohibited in the country.

Accellion ends data breach lawsuit with $8.1m FTA settlement

Content firewall provider Accellion has come to a settlement of $8.1m to bring to an end a lawsuit over a data breach that involved FTA, its legacy file sharing service.

Download the free AIFinTech100 report


Download the AIFinTech100 report for 2024 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week