Tag: Fine

India’s Enforcement Directorate has reportedly warned e-commerce giant Flipkart it could be faced with a $1.35bn fine for foreign investment law violations.

Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.

The Reserve Bank of India (RBI) imposed a penalty of Rs 2 crore ($275,651) on State Bank of India (SBI) for violation of certain norms on remuneration to its employees in the form of commission after finding the lapses while doing statutory audits.

The US’ Securities and Exchange Commission (SEC) has issued a $5m penalty to Morgan Stanley Smith Barney after it providing misleading information to clients in its retail wrap fees programmes.

The Dubai Financial Services Authority (DFSA) has fined former Deutsche Bank head of compliance Anna Waterhouse.

The European Securities and Markets Authority (ESMA) claimed Regis-TR didn't live up to the legislation regarding over-the-counter derivatives and slamed it with a €56,000 fine

The Reserve Bank of India (RBI) has implemented fines to four banks for non-compliance with KYC, AML, and account opening standards.

The French data privacy regulator Commission nationale de l'informatique et des libertés (CNIL) has reportedly fined real estate marketplace website Sergic for GDPR failures.

The European Commission has fined MasterCard €570m for breaching EU antitrust rules.