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.
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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…
·Canberra, Australia
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Total News Sources34
Leaning Left6Leaning Right4Center4Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 29%
R 29%
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