financial penalty

Latest news and articles about financial penalty from NEX English

Impose hefty fine on Intesa Sanpaolo for data breach

The Italian Data Protection Authority has imposed a fine of <strong>€31.8 million</strong> (approximately <strong>$36.41 million</strong>) on <strong>Intesa Sanpaolo</strong>, Italy's largest bank, due to a data breach affecting <strong>3,573 customers</strong> over two years. The investigation revealed weaknesses in the bank's internal control systems.

Bank of England fines fintech company for using forged documents

The Bank of England has imposed a fine of <strong>£2 million</strong> on fintech company Fintech, which includes prominent members such as <strong>Peter Mandelson</strong> and <strong>Harvey Schwartz</strong>, for utilizing forged documents. This decision is part of the central bank's efforts to enhance transparency and integrity in the financial sector.