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Ireland’s Data Protection Commission said by email Monday that it made a final decision last week to fine the company 405 million euros ($402 million), though the full details won’t be released until next week.
The penalty is the second-biggest issued under the European Union’s stringent privacy rules, after Luxembourg’s regulators fined Amazon 746 million euros last year.
Instagram parent Meta, which also owns Facebook and can appeal the decision, didn’t respond to a request for comment.
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Under the EU’s data privacy rules, the Irish watchdog is the lead regulator for many US tech companies with European headquarters in Dublin.
The watchdog has a raft of other inquiries into Meta-owned companies. Last year, it fined WhatsApp 225 million euros for breaching rules on transparency about sharing people’s data with other Meta companies.