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Bailey urges crackdown on 'downright criminal' social media fraud

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Bank of England Governor Andrew Bailey has called for a crackdown on 'downright criminal' social media fraud, urging platforms to take greater responsibility. Speaking in Bangkok, he said there has been 'no real liability' for some social media firms, warning that scams and AI-generated content undermine trust in the financial system.

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Bailey urges crackdown on 'downright criminal' social media fraud
Photo: Evening Standard

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