On 4 February 2026, a meeting of Digital Services Coordinators took place in Brussels, where the Consumer Rights Protection Centre (CRPC), together with Digital Services Coordinators from other Member States and representatives of the European Commission, discussed further steps towards creating a safer online environment.
During the meeting, Latvia specifically raised concerns about the rapid increase in investment fraud and emphasised the need for stronger platform accountability in order to protect residents from significant financial losses.
At the management meeting of Digital Services Act Coordinators, Member States exchanged updates on the implementation and enforcement of the Digital Services Act. CRPC informed participants that it has so far forwarded more than 20 individual complaints to Digital Services Coordinators in other Member States; these cases are still under review. CRPC also reiterated the need to establish clearer deadlines for case handling.
In addition, CRPC reported that in December it registered its first “trusted flagger” operating in the field of the protection of minors.
According to data provided by banks and the State Police, investment fraud has become the dominant form of fraud.
Such schemes are increasingly presented as “guaranteed profit” offers, using fake celebrity images, fraudulent “investment consultants”, and non-existent trading platforms. Fraudsters exploit current trends — including cryptocurrencies, artificial intelligence, and automated trading platforms.
CRPC Director Zaiga Liepiņa stated: “We call on the European Commission to take urgent action. Investment fraud causes enormous losses to residents and undermines trust in the financial market and the digital environment as a whole. Only through close cooperation between Member States, the European Commission and technology platforms will it be possible to significantly improve the situation and protect residents from increasingly aggressive and sophisticated fraud schemes.”