UK Law: Madoff Data

In an unusual, but not unsurprising move, the UK courts have allowed Madoff data to be sent to the US for further investigation.

Bernie Madoff, who was recently sent to prison for the $65 billion fraud, had companies in the UK as well as the US. The  liquidator in thies case Irving Pickard has requested specific data to be sent to the US, which the judge has allowed, but has not allowed all of the data to go, in a blanket ruling.

In the UK the data protection act prevents data from being sent out of the EU (under the 8th principle), unless there are adequate safe guards. There are exceptions, as there are with all laws, one of these is that if it is in the public interest the data should be allowed to move.

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