What Act gives individuals protection to ensure that information collected about them is accurate?

The Data Protection Act 2018 is designed to safeguard individuals' personal information and ensure its accuracy. This legislation incorporates the principles set out in the General Data Protection Regulation (GDPR), which emphasizes the importance of data accuracy and mandates that organizations take steps to ensure that the personal data they hold is accurate and kept up to date. Under this Act, individuals have the right to request corrections to their information if it is found to be inaccurate.

By establishing these rights and responsibilities, the Data Protection Act serves to protect individuals from the misuse of their data, thereby promoting transparency and accountability among organizations that handle personal information. This aligns with the broader goals of data protection law, which focuses on respecting individual privacy and ensuring that data handling practices are fair and just.

In contrast, the other acts mentioned do not focus on protecting personal data accuracy. The Contract (Rights of Third Parties) Act 1999 pertains to contractual rights, the Financial Services and Markets Act 2000 relates to the regulation of financial services, and the Proceeds of Crime Act 2002 addresses the confiscation of property obtained through crime. These acts serve different purposes that do not directly involve the protection and accuracy of personal information as the Data Protection Act 2018 does.