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Klarna reported to Norway’s Consumer Authority for marketing regulations failures
The company failed to declare actual cost of buying on credit.
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Nordic DPAs sign new joint collaborative agreement on data protection issues
This year’s discussion focused on AI in law enforcement, effective case management and handling of personal data incidents.
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New Act on Finanstilsynet provides the FSA with new responsibilities
The new Act has moved tasks from the Oslo Stock exchange to the Norwegian Financial Supervision Authority, and introduced a new responsibility for the DG.
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Telenor fined NKr 4m for DPO scheme and internal controls failures
Datatilsynet in Norway found that Telenor contravened EU GDPR with multiple failures.
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Danske Bank fined NKr 50m for market manipulation
According to the Norwegian regulator a reference swap rate was intentionally driven higher at the time of pricing in order to produce higher trading profits.
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Gravy Analytics breach exposes sensitive location data of millions of users
The FTC’s proposed order against the company requiring it to delete all historic data because of a lack of end user consent for its use comes too late to help those whose sensitive personal information is now potentially exposed.
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Canada updates guidance on forced and child labor reporting
The law is in line with international efforts to curb human rights abuses in supply chains.
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GRIP Country Guides: Norway
A first port of call for firms wishing to do financial services business in Norway. This guide covers regulation, compliance and best practice.