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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Coverage Details
Total News Sources0
Leaning Left6Leaning Right4Center4Last UpdatedBias Distribution43% Left
Bias Distribution
- 43% of the sources lean Left
43% Left
L 43%
C 28%
R 29%
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