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Meta Under Fire: UK Regulators Expose Rampant Scam Ads on Facebook, Instagram
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News18
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18-03-2026, 13:40
Meta Under Fire: UK Regulators Expose Rampant Scam Ads on Facebook, Instagram
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UK financial institution FCA accuses Meta of failing to curb illegal money-making ads despite promises.
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Investigation found 1,052 illegal ads on Meta platforms, over half from previously reported individuals.
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FCA reports no significant improvement despite discussions; Meta claims efforts against fraud.
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Fraud is the most common crime in the UK, often originating from Meta platforms, exposing billions to scams.
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New UK law's key provisions against fraudulent paid ads won't take effect until 2027, delaying direct fines.
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