Crime : Page 18

Italy fines four companies for billing customers after contract withdrawal

April 5, 2023 The Italian Competition Authority issued the following fines: Vodafone 400,000 euro, Wind Tre 300,000 euro, Telecom 200,000 euro and Fastweb 100,000 euro.

TikTok fined £12.7m for misusing UK children’s data

April 5, 2023 The UK’s data watchdog has fined TikTok £12.7 million (€14.5 million) for breaking the law on the protection of children’s data, amid mounting global concern about the Chinese-owned social media app.

SEC charges Merrill Lynch for failing to disclose foreign exchange fees to clients

April 5, 2023 The Securities and Exchange Commission charged Merrill Lynch, Pierce, Fenner & Smith Incorporated for charging advisory clients more than $4 million in undisclosed foreign exchange fees for transfers to or from their accounts.

Federal Reserve Board fines Wells Fargo $67.8 million

March 31, 2023 The Federal Reserve Board has fined Wells Fargo & Co., of San Francisco, California.

Former CFO of Russian natural gas company Novatek convicted of making false statements to IRS

March 30, 2023 A federal jury found a Florida man guilty of failing to file a Report of Foreign Bank and Financial Accounts (FBAR), making a false statement to the IRS, and willfully failing to file tax returns.

William Hill almost lost licence, fined record $24 million for gambling failures

March 28, 2023 Britain\'s Gambling Commission has handed a 19.2 million pound ($23.7 million) fine to the William Hill betting group, the biggest penalty ever issued by the regulator, after it failed to protect consumers and stop money laundering.

UK construction firms fined nearly £60 million for breaking competition law by bid rigging

March 27, 2023 UK\'s anti-trust regulator has fined 10 construction firms a total of nearly £60 million for illegally colluding to rig bids for demolition and asbestos removal contracts involving both public and private sector projects.

Former Puerto Rico mayor convicted of accepting bribes

March 24, 2023 A federal jury convicted a former mayor of Guaynabo, Puerto Rico, for engaging in a bribery scheme.

McDonald's fined $53,000 in South Korea for leaking customers data

March 22, 2023 South Korea\'s national data protection authority fined McDonald\'s 696 million won (approximately $532,110) after the personal data of millions of customers was leaked to hackers due to the company\'s lax data management.

Poland: UOKIK fines Merida Polska $573,000

March 21, 2023 Merida Polska is the exclusive distributor of the Merida bikes in Poland.

SEC charges DXC Technology for misleading non-GAAP disclosures

March 16, 2023 The Securities and Exchange Commission charged DXC Technology Company, an IT services company in Ashburn, Virginia, with making misleading disclosures about its non-GAAP financial performance in multiple reporting periods from 2018 until early 2020.

Investigation leads to takedown of darknet cryptocurrency mixer that processed over $3b of unlawful transactions

March 16, 2023 The Justice Department announced a coordinated international takedown of ChipMixer, a darknet cryptocurrency “mixing” service responsible for laundering more than $3 billion worth of cryptocurrency, between 2017 and the present, in furtherance of, among other activities, ransomware, darknet market, fraud, cryptocurrency heists and other hacking schemes.