Facebook has settled claims that it shared private information regarding 24 million Canadian customers with third parties over six years, despite promising users it was not doing so.

The company has agreed to pay $6.8 million in fines and penalties ($9.5 million Canadian dollars) to end an investigation by the Canada Competition Bureau into Facebook’s practice of sharing users’ personal data with third parties. Although the company “gave the impression that users could control who could see and access their personal information on the Facebook platform when using privacy features,” the Bureau said in a press release, the company regularly shared that data anyway.

Aaron Nicodemus is the Editor-in-Chief of Compliance Week. He previously worked as a reporter for Bloomberg Law and as business editor at the Telegram & Gazette in Worcester, Mass. Email: aaron.nicodemus@complianceweek.com LinkedIn:...