Mr. Philip Milton:

The short answer to that question is "No". There is no compelling need for us to be there, simply because I think we all want to be there. This is a massive societal issue that we and other companies are extremely focused on trying, if not to help solve, to at least to help mitigate.

I will break down the things that are happening in the UK which might be a useful model to follow here. There are two different forums we are engaged in - two main ones, at least. One is called the online fraud group and is co-chaired by three different groups: UK Finance, which is the banking trade body, techUK, which is the tech trade body, and the National Economic Crime Centre, which is what it sounds like. They hold quarterly meetings at which they send us off in different working groups, task-and-finish groups, to focus on particular areas. There is a purchase scam group that is just about to launch. We have just finished up one working on money mules, which is a type of money-laundering that can happen in various places. Those have been really effective because they have allowed us to bring together law enforcement, banks, regulators and tech companies in one forum to talk about the information we all have. As Mr. Ó Broin said a couple of times, we have a very small piece of the puzzle. It is basically the initial hook or trap fraudsters put in place on our platforms, be it through-----