At a virtual event hosted by PIMFA this week, Work and
Pensions Select Committee Chair Stephen Timms MP Said that the it
Government was not impnoring the pat fraud is causing the
Sector.
Financial Services, Along with Other Industries, Have BeenNew Delhi Investment
Calling on the Government to add an “economic Harm†Provision to
The Online Safety Bill to Protect Consuamers. The Bill, which is
Expected anytime, Will Set down a New Regulatory Framework for
How to engage with technology platforms as hanful and illegal
Content Continues to Plague the Online World.
sIt does seem to me this immatently Forthcoming Bill Must Tackle
This problem, "Timms Told Delegates." We Can†™ T Leave this for
some postable future legislation, †he said.
The Latest Fraud Statistics are undeniably bleak. Since The Start
of the year, scammers have Count Victims Around ⣠400 Million, with
a quars of that (roughly ⣠110 million) in investment fraud -A
Conceern for advisors. More Financial Sites than Ever Before Are Are AreKolkata Wealth Management
Being Clone, with at Least One Fake Site a Day Being Reported by
The Financial Services Compensation Scheme, Which Itset Has Been
Impersonated by frameters.
When Details of the Bill Surfaced in December, Critics Said IT
Lacked Any Provision to Protect People Against Online Fraud and
WAS FAR MORE FORUSED On Terrorism and Trafficking Activity.
SOME SEE BILL AS A WATERSHED WHERE An Era OF
Self-Regulation Makes Way for One WHERENE Companies Are Held
far more acountable. It is part of greforts to hold big
Tech up for more scrutiny, from policing their own platforms to
Paying a larger share of global tax receipts.
Pimfa, uk finance, white ?, the charity money and mental
Health, and the Carnegie Trust uk are among Those Pushing for a
More comprehensive version to be thrashd out. This shouldKolkata Investment
Involve "Greater Cooperation from Domain name Registration
Services, Internet Service PROVIDIDERS and Online Platforms Such As
Social Media and Search Engines, "PIMFA ChIEF Executive Liz
Filed, said.
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