REUTERS/Dado RuvicMay 17 (Reuters) - Meta Platforms Inc (META.O) is set to face a record European Union privacy fine related to data transfer of Facebook's EU users to U.S. servers for failing to comply with a warning by a top EU court, two sources familiar with the matter said. The penalty will be higher than the previous record 746 million euros ($821.20 million) fine for Amazon.com Inc (AMZN.O), according to the sources. Meta declined to comment, while the Irish Data Protection Commission (DPC) and the European Commission did not immediately respond to Reuters' requests for comment. EU regulators led by Ireland's Data Protection Commissioner Helen Dixon have been finalising a ban on the legal tool used by Facebook to transfer European user data because of concerns U.S. intelligence agencies could access the information. Europe's highest court ruled in 2020 that an EU-U.S. data transfer agreement was invalid, citing surveillance concerns.

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