Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

We know that these originate on online platforms. We understand that not all investment is regulated. However, at least some of these scams - many of them - would fall under regulated activity. What engagement does the Central Bank have with the social media companies and online platforms on the checks they need to put in place for hosting activity that is not only illegal but needs to be regulated by the Central Bank? What safeguards or checks has the Central Bank in place? We are seeing people lose large amounts of money. There is big money at stake. People's savings are being wiped out. I imagine that the Central Bank should tell those putting up ads for investment products that it is responsible for regulating a large number of those products. What rules does the bank have place to make sure that those investment products are legitimate? What checks are in place to make sure that activity of this sort is regulated by the Central Bank? Has any of that happened? It is too late when the horse has bolted and the damage is done. The Central Bank put up a warning for other people not to fall victim. However, the key has to be prevention. What, if any-----