ICO to retain GDPR fines money to cover legal costs

15/06/2022 | ICO

Until now, monies recouped from fines imposed by the Information Commissioner's Office (ICO) would be paid in full to the Consolidated Fund (the government's central bank account). However, the ICO has announced this week that the Department for Culture, Media & Sport and the Treasury have agreed the ICO can retain a part of the money paid to cover aspects of its litigation costs (capped at £7.5 million in any year). Mischon de Reya analysed the ICO's last annual report to identify these amounted to £155k in 2020/21 and £573k in 2019/20. In addition, the National Audit Office will audit the scheme to ensure there are no questions of perceived self-interest. 

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