- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Jeff Dale2023-09-15T17:50:00
The Irish Data Protection Commission (DPC) announced a penalty of 345 million euros (U.S. $368 million) against popular social media company TikTok over alleged violations of the European Union’s General Data Protection Regulation (GDPR) during a five-month period in 2020.
The fine against TikTok Technology Limited addresses alleged violations of Articles 5, 12, 13, 24, and 25 of the GDPR, specifically in relation to public-by-default and age-verification settings on its platform, the Irish DPC said in a press release Friday.
In total, TikTok was fined €165 million (U.S. $176 million) for the alleged violations of Articles 5 and 25 and €180 million (U.S. $192 million) regarding Articles 12 and 13, according to a final decision published by the European Data Protection Board (EDPB), which intervened in the cross-border case.
2025-01-22T20:42:00Z By Oscar Gonzalez
President Donald Trump signed an executive order Monday delaying the Department of Justice (DOJ) from enforcing the long-awaited TikTok ban. While the social media platform’s fate is still up in the air, Trump signaled his support for it being sold, with the U.S. as a “partner.”
2024-08-07T15:56:00Z By Adrianne Appel
TikTok is in hot water with the Department of Justice and Federal Trade Commission over widespread failures to comply with a 2019 consent order to enhance compliance with children’s privacy laws.
2024-04-26T17:40:00Z By Jeff Dale
TikTok is suspending new features amid an inquiry by the European Commission into its compliance with the Digital Services Act, all while responding to a U.S. ban just signed into law.
2025-06-11T15:12:00Z By Adrianne Appel
The Department of Justice has charged the founder of cryptocurrency company Evita with 22 violations for allegedly laundering more than $500 million through U.S. banks and cryptocurrency exchanges, on behalf of sanctioned Russian entities.
2025-06-07T01:41:00Z By Oscar Gonzalez
The Securities and Exchange Commission Chair Paul Atkins explained his agency’s shift on cryptocurrency regulation to a Senate committee as legislators bargain over President Donald Trump’s “One Big Beautiful Bill” and the GENIUS Act, which would have the federal government invest heavily in cryptocurrency.
2025-06-04T15:24:00Z By Ruth Prickett
Up to 25,000 people a year in the U.K. are illegally promoting financial products or offering financial advice on social media, but none have yet appeared in court, according to the first Treasury Select Committee meeting on the subject of so-called “finfluencers.” Regulated financial services firms must comply with strict ...
Site powered by Webvision Cloud