Mr. Wayne Moroney:

The area of scams is particularly difficult and incredibly complex, especially when it comes to those reported in the areas of content and advertising. We have done a couple of things so far that have had very useful practical outcomes. First, we joined the anti-fraud forum of Banking and Payments Federation Ireland. This allows us to connect with other stakeholders, other regulators, industry and interested parties. It enables us both to share our information on the rights users and entities have under the Digital Services Act and allows us to learn from them and understand where they are seeing particular issues to which we may wish to give further attention in the future.

Also, in May of this year the Central Bank of Ireland was approved and certified as a trusted flagger under the DSA. As Dr. Evans said, this is a powerful position that allows an entity to bring quicker or more powerful attention to their reports, so that platforms are required to prioritise those in their actions. The Central Bank is obviously the most experienced and professional organisation when it comes to identifying and dealing with fraudulent content with respect of financial services, although it is a wide network. There are issues, much like the Deputy mentioned, that go well beyond financial content. We are beginning to develop a relationship with other bodies such as the Advertising Standards Authority and to understand what is in the marketplace. I always remind people that the important powers we have under the DSA come to the notice and action mechanism, as Dr. Evans said, as well as the ads transparency under Article 26 and the ads repositories under Article 39. These obligations provide transparency to users in terms of what they are seeing and why they are seeing it. If they cannot understand something or they do not trust it, or if it looks strange to them, they can absolutely report that content to the platform and the platform is expected to take it seriously and act on it.