Crosswords8 mins ago
Ofcom win 5 million!
10 Answers
So who gets the money? 5 million quid! What about all the people who paid for the phone calls? Who deicdes how much to award?
Answers
Best Answer
No best answer has yet been selected by 10ClarionSt. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.
-- answer removed --
-- answer removed --
All fines by these regulatory bodies go to HM Paymaster General, just as when Postcomm fined Royal Mail �11.7m in 2006 and the OFT fined supermarkets and milk processors �116m for price fixing last December.
My favourite was the FSA handing out a �980,000 fine to Nationwide BS for security lapses after mislaying a laptop containing customer information. The Nationwide is a mutual society (i.e. the members are effectively the shareholders) therefore any fine imposed on the institution is a fine on the customers - net effect: customers pay the Treasury for the privilege of having their details compromised.
My favourite was the FSA handing out a �980,000 fine to Nationwide BS for security lapses after mislaying a laptop containing customer information. The Nationwide is a mutual society (i.e. the members are effectively the shareholders) therefore any fine imposed on the institution is a fine on the customers - net effect: customers pay the Treasury for the privilege of having their details compromised.
-- answer removed --
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.