Meta fined more than $400 million in Ireland over EU privacy breaches

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., left, arrives at federal court in San Jose, California, US, on Tuesday, Dec. 20, 2022. 

Meta, the parent company of Facebook, was fined more than $400 million by the Irish Privacy Regulator for breaching EU privacy laws.

The Irish Data Protection Commission said in a statement Wednesday that Meta should be fined over violations of the European Union's General Data Protection Regulation.

The total amount of penalties is over 400 million euro.

The Irish Regulator had been criticized over delays in the process of investigating Meta. The company was being investigated by the DPC on the day the EU'sGDPR came into effect.

Firms are required to follow strict rules regarding the processing of people's data.

When contacted by CNBC Wednesday, Meta was silent.