The penalty will be higher than the previous record fine of 746 million euros for Amazon, according to sources familiar with the matter, inform Reuters and POLITICO.
EU regulators, led by Ireland’s data protection commissioner Helen Dixon, have finalized a ban on the legal tool used by Facebook to transfer European users’ data over concerns that US intelligence agencies could have access to this information.
In April, authorities said the Irish Data Protection Commission (DPC) had a month to issue an order blocking Facebook’s transatlantic data flows.
Europe’s highest court ruled in 2020 that an EU-US data transfer agreement was invalid, citing surveillance concerns.
Meta warned last year that an order banning the mechanism it uses to transfer data from Europe to the United States could force it to suspend Facebook services in Europe.
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