For more than two years, City Beach sold toys, keyrings, digital notepads, lights and other products containing button batteries that did not meet Australia’s mandatory safety rules. There were more than 54,000 sales in all. Many of the products were meant for children. The bill for that failure remains $9.9 million (AUD 14 million).
A consumer looking to pay a utility bill or car loan might reasonably assume that typing the biller's name into a search engine and clicking on a result would take them where they needed to go. The Federal Trade Commission says Doxo found a profitable place inside that assumption.
The SEC on Tuesday proposed “Regulation Crypto Assets,” a new framework that would give issuers of certain investment contracts involving crypto assets two purpose-built ways to raise capital without registering the offering under the Securities Act of 1933. One would allow up to $5 million to be raised over four years. The other would permit as much as $75 million in each 12-month period.
The Czech Republic’s competition authority has upheld approximately $13.4 million (CZK 279.152 million) in fines against three meal voucher issuers, bringing the regulator’s long-running case over a cartel that operated for more than 14 years to a close.
Amazon.com has agreed to pay a $2.25 million civil penalty to resolve allegations that it violated the Fair Credit Reporting Act by failing to give identity theft victims requested records of transactions involving people believed to have fraudulently used their identification. In other cases, according to the government, Amazon provided the records too late.
The Austrian Financial Market Authority has issued a consolidated version of the KKG Reporting and Notification Ordinance (KKG-MMV). This update serves as a formal consolidation of federal law, ensuring that the current regulatory text is accurately reflected in the official legal database.
The Austrian Financial Market Authority has introduced the AndKo-SoV regulation, focusing on due diligence requirements for specific account types. This update necessitates a review of existing oversight frameworks to ensure alignment with updated CRD and CRR standards.
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