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NEWS: FCA calls for tougher oversight of ‘finfluencers’ amid scam crackdown

File photo of the UK's Financial Conduct Authority offices

By PAUL O’DONOGHUE, Senior Correspondent

MAJOR social media companies should step up oversight of so-called ‘finfluencers’ to tackle scams on their platforms, according to the FCA (Financial Conduct Authority).

The UK regulator called for tougher oversight via the Online Safety Act, which requires tech platforms to remove fraudulent advertising.

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