Klarna Bank AB – €720,000 Fine (Sweden, 2022)
General GDPR enforcement action
This case relates to broader data protection obligations, not specifically to cookie or consent banner compliance. It is not included in cookie statistics or the Risk Calculator.
Klarna Bank AB was fined EUR 720,000 by Sweden's privacy authority for not providing enough information about its data processing practices. The company didn't clearly explain why it collects data or who it shares it with. This is important because businesses need to be transparent about data use to comply with GDPR.
What happened
Klarna did not adequately inform users about the purpose and recipients of their personal data.
Who was affected
Individuals whose personal data was processed by Klarna without clear information were affected.
What the authority found
The Swedish DPA determined that Klarna's lack of clear information about data processing violated GDPR requirements.
Why this matters
This case emphasizes the need for companies to provide detailed and accessible information about data processing to meet GDPR standards.
GDPR Articles Cited
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The Swedish DPA has imposed a fine of EUR 720,000 on Klarna Bank AB. Klarna is a financial company that processes a large number of personal data in various ways. As part of its investigation, the DPA found that Klarna had not properly complied with its information obligations. For example, Klarna did not provide sufficient information on its website about the purpose and legal basis for the processing of personal data. In addition, with regard to the transfer of data to Swedish and foreign credit agencies, Klarna provided incomplete information about the recipients of the personal data. Klarna also failed to provide information about third countries where personal data is transferred to. Finally, the DPA found that Klarna insufficiently informed data subjects about their rights under the GDPR.
Related Enforcement Actions (2)
Other enforcement actions involving Klarna Bank AB in SE
Fine
€720K
Details
Fine Date
28 March 2022
Authority
Integritetsskyddsmyndigheten
Fine Amount
€720,000
Enforcement Tracker ID
ETid-1112
About this data
Cite as: Cookie Fines. Klarna Bank AB - Sweden (2022). Retrieved from cookiefines.eu
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