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UK financial services providers get ICO’s opinion on social security fraud bill

( February 3, 2025, 14:10 GMT | Official Statement) -- MLex Summary: UK financial services providers today saw the national data protection watchdog publish its opinion on the Public Authorities (Fraud, Error and Recovery) Bill. Presented to Parliament on Jan. 22, the government’s bill proposes giving authorities more power to request information held by financial institutions in order to recover losses caused by fraud or by error. The Information Commissioner’s Office says recovering money lost in the social security system is an important and legitimate aim, but must be balanced with individuals’ right to privacy.Statement follows....

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