Pearse Doherty (Donegal, Sinn Fein)
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I agree 100% with Mr. Kincaid. I refer to some of the activities and checks they have. I imagine they have some checks, but they are not robust enough if they are taking paid advertisements from scams. Just yesterday, I saw one about Gweedore. They were selling tee-shirts with Gweedore on them. That is my local town. Somebody posted underneath it saying, "Don't go near this; this is a scam". Obviously, that is the type of technology they have. I am sure there is one for Clonmel and everywhere else. However, social media platforms are allowing this to take place.

We know the dual role the Central Bank has. It has a consumer protection role. We have heard from the banks and we have heard from the Central Bank about the role social media and online platforms need to play, including the likes of Amazon. Would it not be the Central Bank's role from a consumer protection point of view to try to co-ordinate that? Where does Mr. Kincaid believe this role lies? We are hearing that there are silos here. The banks are here, the Central Bank is there and the online platforms are over there. In the middle of all that, more scams are going on, more people are losing money and scams are getting more sophisticated. Does Mr. Kincaid believe that the Central Bank should be co-ordinating and calling a forum together with social media companies, the Department, the authorities and the banks to say that we have a problem and ask if can we come together? That would be a logical step. Where does Mr. Kincaid see that role? Is that a departmental role? It has to happen. I imagine it would come from the Central Bank.