fine

Friday, September 25

Bank hit with $1.3b money laundering fine

Westpac has agreed to pay a record $1.3 billion fine for major breaches of money laundering and terror financing laws – the largest civil penalty in Australian history.

Yes, Optus hit with big fine for spam, fake bills

The communications watchdog has hit Optus with a $504,000 fine for spamming consumers who had unsubscribed from the telco’s texts and emails.

US Federal Trade Commission head Joe Simons announces the record US $5b settlement with Facebook to end a privacy investigation, but an antitrust inquiry will now begin. Photo: APJose Luis Magana

Facebook fined $7 billion after privacy probe, new antitrust inquiry opens

Facebook will pay a record $US5 billion ($A7.2 billion) fine to resolve a government probe into its privacy practices and will boost safeguards on user data, the US Federal Trade Commission and the social media company say.

Calombaris fined over $7m restaurant staff underpayment

Celebrity chef George Calombaris has been found to have underpaid staff at his restaurants by nearly $8 million.