Oireachtas Joint and Select Committees

Tuesday, 24 October 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payment Fraud: Discussion (Resumed)

Mr. Ryan Meade:

The most relevant law in that instance would be the Digital Services Act, which has only just come into force. The Act is already in force in respect of many of our platforms. We have produced our risk-assessment report, under that legislation, and provided it to our regulator, which is the European Commission. There is going to be audits and requirements for transparency reports and a whole series of other steps. That is all in train. Obviously, it is too early to talk about enforcement. We will certainly do our best to ensure that we are compliant.

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