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Meta in 'last chance saloon' on fraud, UK lawmaker Charters says

By Phoebe Seers ( March 25, 2025, 15:40 GMT | Insight) -- Social media platforms like Meta have been warned they are in the “last chance saloon” when it comes to their inaction on fraud. Luke Charters, a Labour lawmaker and former regulator, said now is the time for them to start contributing financially to the fight against fraud or face legislation that forces them to do it. Tech firms and telcos could look to a model in the insurance sector whereby the industry contributes to a police unit focused on insurance fraud, he said.Social media platforms like Meta have been warned they are in the “last chance saloon” when it comes to their inaction on fraud. Luke Charters, a Labour lawmaker and former regulator, said now is the time for them to start contributing financially to the fight against fraud or face legislation that forces them to do it....

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