> laws are only as good as we have systems in place that are willing and ABLE to enforce them.

The 'able' part is the critical insight. Laws are too often passed that really have no ability to be enforced, but end up adding bureaucratic processes that law abiding companies have to follow. This also implies that governments need to actively clean up existing laws, which almost never happens unless there is enough support to pass a new law to actively supplant the old one.

There is also that international problem. If an South American is frauded on an US American platform, by an east European using an African fake chatter: Which legislation, which court is applicable? Which oversight authority should handle this?