Norway's sovereign fund logo reflecting divestment from Israeli stocks amid Gaza conflict - Global Banking & Finance Review
The image depicts the logo of Norway's Sovereign Fund, which plans to divest from Israeli companies due to the ongoing humanitarian crisis in Gaza. This decision reflects ethical investment practices and highlights the fund's significant influence in global finance.
Finance

Amazon loses court fight against record $812 million Luxembourg privacy fine

Published by Global Banking & Finance Review

Posted on March 19, 2025

1 min read

· Last updated: March 19, 2025

Add as preferred source on Google

Amazon Loses Appeal Against $812 Million Privacy Fine

By Foo Yun Chee

BRUSSELS (Reuters) - Amazon lost its fight against a record 746 million euro ($812.4 million) fine handed out by Luxembourg's privacy regulator four years ago as a court sided with the watchdog, according to a statement on the regulator's website.

The Luxembourg National Commission for Data Protection (CNPD) said the country's administrative court dismissed Amazon's appeal in a March 18 ruling.

The watchdog had penalised Amazon for processing personal data in breach of EU privacy rules known as the General Data Protection Regulation (GDPR). Europe has taken a tough line against such violations, with its landmark law setting the benchmark for other countries.

CNPD said its decision, which also included measures for Amazon to fix the issue, will remain suspended during the appeal period.

Amazon said it was considering appealing the court ruling.

It said the CNPD's decision "imposed an unprecedented fine based on subjective interpretations of the law about which they had not previously published any interpretive guidance".

($1 = 0.9183 euros)

(Reporting by Foo Yun Chee; Editing by Kirsten Donovan)

Key Takeaways

  • Amazon was fined 746 million euros by Luxembourg's CNPD.
  • The fine is for breaching EU's GDPR regulations.
  • Luxembourg court dismissed Amazon's appeal.
  • Amazon considers further appeal against the ruling.
  • The decision includes measures for Amazon to rectify issues.

Frequently Asked Questions

What is the main topic?
The main topic is Amazon's loss in a court appeal against a record privacy fine imposed by Luxembourg's CNPD for GDPR violations.
Why was Amazon fined?
Amazon was fined for processing personal data in breach of EU's GDPR regulations.
What is Amazon's response to the ruling?
Amazon is considering appealing the court's decision, arguing the fine was based on subjective interpretations of the law.

Related Articles

More from Finance

Explore more articles in the Finance category