ACCC takes action against Meta for publishing scam crypto ads on Facebook
The ACCC alleges that the ads, which promoted investment in cryptocurrency, were likely to mislead Facebook users.
The ACCC alleges that the ads, which promoted investment in cryptocurrency, were likely to mislead Facebook users.
The CDPP has withdrawn charges against Citigroup, Deutsche Bank AG and four senior banking executives.
The ACCC has cleared the proposed merger of BPAY Group Holding Pty Ltd, eftpos Payments Australia Ltd and NPP Australia Ltd.
Investment scams reported to Scamwatch have cost Australians over $70 million in the first half of this year.
Most money remitters reviewed by the ACCC have taken steps to allow consumers to easily compare prices of international money transfers.
The ACCC’s latest Targeting Scams report reveals that Australians lost over $851 million to scams in 2020, a record amount.
The ACCC is aware of Facebook ads about cryptocurrency products featuring the name or image of an Australian public figure.
The latest data from Scamwatch reveals that Australians have reported $41.3 million in losses due to fraudulent investment schemes since the start of 2020.
Common scams include phishing for personal information, online shopping, and superannuation scams.