- Enforcing jurisdiction
- Iceland · Geography does not establish applicable law.
- Confirmed applicable legislation
- Privacy topics
Almennri innheimtu ehf – €24,000 Fine (Iceland, 2023)
Privacy enforcement record
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Almennri innheimtu ehf was fined EUR 24,000 for improperly registering loan defaults. The Icelandic DPA found that the company registered unpaid loans that did not meet the required conditions. This case serves as a warning to companies about the importance of following data registration rules.
What happened
Almennri innheimtu registered loan defaults that did not meet the necessary registration conditions.
Who was affected
Individuals whose loan information was incorrectly registered, affecting their credit status.
What the authority found
The DPA ruled that Almennri innheimtu violated data protection rules by registering loans that did not meet the legal requirements.
Why this matters
This ruling stresses the importance of compliance with data registration regulations. Companies must ensure they meet all legal conditions before processing sensitive financial information.
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The Icelandic DPA has imposed a fine of EUR 24,000 on Almennri innheimtu ehf. The controller had submitted information on loan defaults for registration even though the required registration conditions for this have not been in place. For instance, unpaid small loans were registered although they were below the required minimum amount. In assessing the fine, the fact that a large number of people were affected by the incident and that the controller was pursuing profits were considered aggravating factors.
Related Enforcement Actions (0)
No other enforcement actions found for Almennri innheimtu ehf in IS
This is the only recorded action for this entity in this jurisdiction.
Details
Fine Date
27 June 2023
Authority
Persónuvernd
Fine Amount
€24,000
About this data
Cite as: Cookie Fines. Almennri innheimtu ehf - Iceland (2023). Retrieved from cookiefines.eu
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