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UK online safety laws can fight fraud on tech platforms, FCA says (update**)

By Phoebe Seers and Frank Hersey ( January 21, 2025, 16:57 GMT | Insight) -- Tech platforms could be effectively targeted under the UK's online safety laws to tackle consumer fraud emanating from their services, a senior official with the Financial Conduct Authority said today, noting that it was collaborating with online safety regulator Ofcom. Matthew Long said the Online Safety Act would “catapult” forward work to require social media platforms and others to protect consumers from scammers online.Tech platforms could be effectively targeted under the UK's online safety laws to tackle consumer fraud emanating from their services, a senior official with the financial services watchdog said today, noting regulatory collaboration with online safety regulator Ofcom....

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