French watchdog orders Amazon to pay $3.5 million in penalties By Reuters

PARIS (Reuters) – A French watchdog has ordered U.S. e-commerce huge Amazon.com (NASDAQ:) to shell out 3.3 million euros ($3.5 million) in penalties for failing to modify contractual provisions connected to third-party sellers by the deadline it set, the watchdog reported on Wednesday.

France’s DGCCRF client fraud watchdog said in a assertion Amazon experienced been purchased to make the changes, aimed at correcting imbalances in contractual conditions concerning Amazon’s on the internet market and third-party sellers, by March 22.

Amazon had complied with DGCCRF’s orders a thirty day period later on, on April 28, the watchdog said, which led to penalties equal to 90,000 euros for every working day of hold off.

The DGCCRF’s orders followed an investigation by the agency, positioned underneath the authority of France’s finance ministry, and led to the summary that Amazon didn’t abide by the so known as “platform-to-small business” regulations adopted by the European Union in 2019.

Amazon explained it would attractiveness against DGCCRF’s penalties.

“The DGCCRF has acknowledged that the changes we implemented in April are reliable with its injunction,” Amazon explained in a published assertion.

“Having said that, we continue to disagree with the DGCCRF on its findings, conclusions and linked penalty, and are difficult just about every of them in court docket.”

($1 = .9527 euros)