Member

The Online Safety Act makes some changes but it does not push direct liability for the frauds going through the system to the facilitators. I am afraid I part company with the noble Lord, Lord Davies, here, in that I do not think it is that difficult to identify which platform it has come through. We do it already: the PSR is reporting on it, as do the banks. We are reporting on it all the time. It is easy to identify where it came from, and it is fairly easy to say, “You’re just as responsible as the bank is”—and that will make them sit up and stop doing it. It will mean that they have to take action to prevent their services being used in this way. Until we do that, they will not do it—there is no incentive to. Anybody who has dealt with Meta, Facebook and all the rest of them will share the frustration that they are really not interested. Until we force them to be interested, they will not take action.