Source · Select Committees · Treasury Committee
Recommendation 15
15
Paragraph: 95
The Government should consider whether online platforms and social media companies should be required to...
Recommendation
The Government should consider whether online platforms and social media companies should be required to do Know Your Customer checks on their advertisers, to make it more difficult for fraudsters to promote themselves.
Paragraph Reference:
95
Government Response
Not Addressed
HM Government
Not Addressed
We agree that understanding who is publishing material is an important step in reducing the risk that platforms are used to promote fraudulent content. Under the Online Safety Bill, the government will have the power to introduce secondary legislation mandating identity verification where necessary. We will continue to engage with the FCA on this issue and consider the evidence for requiring platforms to conduct KYC checks on their advertisers.