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NEWS: UK banking group says Big Tech only ‘pays lip service’ to fraud

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A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File Photo

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By PAUL O’DONOGHUE, Senior Correspondent

SOME Big Tech companies only pay ‘lip service’ to fraud and should contribute more to combating scams, according to the head of UK Finance.

David Postings, the chief executive of the banking lobby group, said large social media companies must act.

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LATEST: AMLA proposes flexible client monitoring rules with focus on high-risk relationships

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NEWS: Bafin fines AIL Leasing over AML breaches

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