What are the consequences of non-compliance with the LGPD?

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The LGPD includes some penalties for companies that do not comply with its rules. Some of the main ones are:

warning ⎼ a deadline is set for the company to adopt the measures;
simple fine ⎼ 2% of last year's revenue, excluding taxes, with a limit of R$50 million per infraction;
daily fine (in the same format as a simple fine);
blocking and prohibition of the use of data by the offending company for six months, with the possibility of extension;
total or partial prohibition of data processing.
Throughout this text, we talk about the principles of the relationship peru phone number list LGPD and Open Banking, two measures that, despite being implemented at different times, have a connection. We saw that Open Banking must follow some LGPD guidelines to be implemented, as it will deal directly with the administration of individuals' financial data.

Among the main conducts, we highlight the guarantee of security and privacy in the maintenance of information, not using this data in a discriminatory manner, preventing individuals from having access to financial services due to their physical and social characteristics, such as religion, race, among others.