Under the EU's Digital Services Act, the Irish financial regulator, Coimisiún na Meán, has appointed the Central Bank of Ireland as the first 'trusted flagger'. This status requires tech platforms to prioritize complaints from the Central Bank regarding illegal online content, particularly concerning financial fraud and scams. As enforcement processes will begin in the coming months, Coimisiún na Meán aims to strengthen consumer protection in the digital landscape by ensuring that platforms act swiftly against flagged issues. The hope is to encourage more entities to become trusted flaggers and contribute to safer online spaces.
"Coimisiún na Meán is committed to ensuring a media landscape that consumers can trust, and where they are protected from exploitation and fraud," said John Evans, digital services commissioner for Coimisiún na Meán.
"By granting the Central Bank of Ireland trusted flagger status, we are legally obliging online platforms to ensure that any illegal online content reported by the Central Bank of Ireland, such as financial scams and fraud are prioritised by the platform and dealt with in a timely manner."
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