Meta tightens ad rules to curb financial scams aimed at Australians
- Meta faces court action from the Australian Competition and Consumer Commission , alleging it profited from scam ads and failed to enforce its own policies.
- New anti-scam legislation could impose fines of up to A$50 million on Meta and other companies for failing to comply with regulations.
- Annual scam losses in Australia total approximately $2.3 billion, with $200 million attributed to scams involving banks, according to various research sources.
34 Articles
34 Articles
Meta introduces anti-scam ad measure in Australia, where a A$50m fine is threatened, but not NZ
Meta, the owner of Facebook, Instagram and WhatsApp, has announced a new measure it says will protect its Australian users against financial scams. Before...
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New $50m fines touted amid Meta's scam ad crackdown
A new verification procedure for financial advertisers on Meta platforms will “protect Australians”. (Joel Carrett/AAP PHOTOS) By Jack Gramenz and Luke Costin in Sydney Australians will be better protected from scams under new Meta-imposed advertising rules as digital giants face a crackdown on perceived anti-competitive behaviour. The parent company of Facebook and Instagram on Monday announced plans to tighten requirements for ads promoting fi…
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