ICO granted powers to conduct financial investigations

24/06/2021 | Pinsent Masons

The UK government is handing the ICO additional powers that will allow it to conduct financial investigations. Under the Proceeds of Crime Act 2002 (References to Financial Investigators) Order 2021, regulators will be able to conduct investigations, apply for restraint orders and carry out search and seizure exercises where they believe money has been acquired through or for criminal activity. 

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Financial investigation, fraud, audit, dpia

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