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EU urged to force Big Tech to vet financial ads for scams

Ireland and other member states push for rule change
Handout from the Bank of Ireland of a scam advert

The European Commission faces pressure from several member states to make social media platforms shoulder the burden of fighting online payments scams that defraud people out of billions of euros each year.

The initiative led by Ireland comes as US President Donald Trump pushes Brussels to scale back regulation of big American tech companies.

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