According to the letter, Amazon could thus receive the highest fine ever imposed under these rules. One source said the case was related to how Amazon collects and uses individuals’ personal information. However, he refused to provide details of specific allegations against the company.
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The CNPD proposal has yet to be approved by data protection authorities in other EU member states. This procedure could take several months and could lead to significant changes in the form of the proposal, including an adjustment of the amount of the fine. The CNPD is Amazon’s main privacy regulator in the EU, as the company is headquartered in Luxembourg.
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The fine proposed by the CNPD would be about two percent of Amazon’s net profit of $ 21.3 billion last year, and just over a tenth of a percent of its sales of $ 386 billion. Under the GDPR, regulators may impose a fine of up to four percent of a company’s annual revenue for some misconduct, according to The Wall Street Journal.
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Amazon is the largest online store in the world. The founder and CEO of the company is Jeff Bezos, who is currently the richest man in the world. According to Bloomberg, the value of his assets is around $ 191 billion.
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