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7/30, 2:04 PM (Source: TeleTrader)
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Amazon faces €746 million fine in Luxembourg

Amazon.com Inc. is facing a €746 million fine that was imposed by the Luxembourg National Commission for Data Protection (CNPD) over alleged non-compliance with the EU General Data Protection Regulation (GDPR).

The e-commerce giant revealed the regulator's decision on Friday in a filing submitted to the United States Securities and Exchange Commission (SEC).

"We believe the CNPD's decision to be without merit and intend to defend ourselves vigorously in this matter," Amazon stressed.

Breaking the News / MS