Business
India fines IndiGo record US$2.45 million over mass flight cancellations
The airline has acknowledged that poor pilot roster planning was the main cause of the disruption India’s aviation regulator on Saturday…
Tag
fines
Business
Indonesia fines dozens of palm oil, mining companies US$2.3 billion for operating in forest areas
The task force handed over 1.5 million hectares of plantations to state firm Agrinas Palma Nusantara An Indonesian government task force…
News
Singapore: Early Payment Scheme to Offer S$30 Rebate on Traffic Fines from Jan 1
Motorists who settle their traffic fines promptly will enjoy a S$30 (US$23) reduction from Jan 1, 2026, under a new Early Payment Scheme…
Business
Germany fines JPMorgan €45 million for anti-money-laundering failings
Germany’s financial watchdog BaFin has fined JPMorgan €45 million after finding shortcomings in the US bank’s money laundering prevention…
News
Singapore Authorities Recover Over S$619,000 in Outstanding Fines from 241 Foreign Drivers
Singaporean authorities retrieved over S$619,000 (US$478,000) in unpaid fines from 241 foreign drivers during a three-day operation at the…
Fashion
Shein, hit with big fines, boosts internal controls
The online fast-fashion retailer has grown to become the world’s biggest fast fashion retailer by sales Online fast-fashion retailer Shein…
Business
Indonesian anti-monopoly agency fines TikTok for late reporting of Tokopedia deal
TikTok has been fined 15 billion rupiah (S$1.15 million) for the late reporting of its acquisition of e-commerce platform Tokopedia,…
Business
Australia Plans Fines Up To 10% Of Turnover For Crypto Rule Breaches
Australia plans to hit digital asset platforms with penalties of up to 10% of annual turnover if they breach new rules, under draft…
Fashion
Record French fines for Shein and Google over internet cookies
FRANCE’S data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for…
Fashion
Record French fines for Google and Shein over cookies
France's data protection authority on Wednesday issued record fines against search giant Google and fast-fashion platform Shein for…
Business
Seatrium falls 5.4% after fines, despite strong H1 results
The company announced on Wednesday (30 Jul) it was to pay S$240 million in financial penalties Shares of Seatrium dived 5.4 per cent…
Business
Seatrium shares tumble 5.4% after fines, despite strong H1 results
The company will pay S$240 million in financial penalties to settle corruption offences Shares of Seatrium dived 5.4 per cent shortly…
Business
UK fines Barclays US$56 million for lapses in financial crime control
It failed to evaluate money laundering risks while providing services to its clients Stunt & Co and WealthTek Britain’s financial…
Fashion
France fines retailer Shein 40 million euros for misleading discounts
A probe of thousands of products on Shein’s French site finds 57% of advertised discounts do not actually offer lower prices France’s…
Business
MAS fines 5 payment firms S$960,000 for anti-money laundering lapses
The Monetary Authority of Singapore (MAS) has fined five major payment institutions a total of S$960,000 for breaches of its anti-money…
Fashion
EU warns Shein of fines in consumer protection probe
Shein could also be the target of EU regulatory demands under the EU’s Digital Services Act The European Union on Monday (May 26) urged…
Business
UniCredit, UBS, Nomura lose appeal against EU bond cartel fines
A view of the UBS Group AG logo on the bank's branch in down town Frankfurt. Sebastian Gollnow/dpa Three banking majors, Italy's…
Unsorted
Venezuela fines TikTok US$10 million over viral challenge deaths
VENEZUELA’S highest court on Monday (Dec 30) fined TikTok US$10 million in connection with viral challenges that authorities say left…
Business
Competition watchdog fines two interior-construction firms nearly S$10 million for rigging tender bids
TWO contractors who provide interior fit-out construction services for non-residential properties were penalised by the Competition and…
Business
Britain’s FCA fines Metro Bank £16 million for anti-money laundering failings
BRITAIN’S Financial Conduct Authority (FCA) has fined Metro Bank £16 million (S$27.4 million), for failings in its anti-money laundering…
Business
Oops! Elon Musk's X sends pending fines to wrong bank, Brazil ban continues
Elon musk (Photo: Reuters) 3 min read Last Updated : Oct 05 2024 | 12:08 PM IST In an embarrassing moment for billionaire Tesla-owner Elon…