Tech Firms May Be Debanked Over Failure to Tackle Online Child Sexual Abuse Materials

The proposal was part of a U.N. initiative to have financial institutions play a key role in incentivising businesses to tackle child sexual abuse.

The icons of mobile apps are seen on the screen of a smart phone in New Delhi, India, on May 26, 2021. Sajjad Hussain/AFP via Getty Images

Tech firms may be debanked if they fail to deal with child sexual abuse material (CSAM) on their platforms, according to a proposal being discussed by the financial sector.

The proposal was developed as part of the U.N. Office on Drugs and Crime (UNODC)’s initiative to have financial institutions play a key role in incentivising businesses to tackle online CSAM.