Facebook runs the gauntlet of a massive GDPR fine.
The Irish commission, which is Facebook's lead privacy regulator for Europe, already has 10 other investigations under way into the company and its subsidiaries over whether it's complying with European data protection rules.
The news of a fresh investigation comes a day after Facebook announced that it would be setting aside $3 billion to cover the costs of a privacy investigation launched by the United States regulators, during its first quarter 2019 earnings call.
Ireland's Data Protection Commission (DPC) has launched a statutory investigation into the revelation that Facebook stored hundreds of millions of user passwords insecurely. Under the regulation, companies could be hit with fines of up to 4% of global turnover - meaning that Facebook might face billions of euro in fines for these breaches.
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Under GDPR rules, European Union regulators can fine companies as much as €20m or 4pc of their turnover, whichever is highest. In Facebook's case, that would equate to around $2.2 billion.
Separately, on Thursday, Canadian regulators announced that they had found "major shortcomings" in Facebook's privacy practices after investigating the Cambridge Analytica story, and said they would take the tech giant to court to try to force the company to change its privacy practices.
"This matter is not resolved so the actual amount of the payment remains uncertain", Wehner said, adding that Facebook has been engaged in settlement discussions with the commission.
A Facebook spokesman said: "We are working with the IDPC on their inquiry".
Correction: An earlier version of this article incorrectly stated that the DPC is investigating Facebook's harvesting of email contacts.