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flag Meta missed 1,052 illegal UK financial ads in Nov, mostly from banned advertisers, despite pledges.

flag Meta failed to stop 1,052 illegal financial ads in the UK during a single week in November, according to a Financial Conduct Authority review, with over half coming from unauthorised advertisers previously flagged to the company. flag Despite a 2022 pledge to only allow FCA-authorised firms to run financial ads, the FCA found no significant improvement in Meta’s enforcement. flag The regulator says Meta’s platforms disproportionately host suspicious financial content, with repeat offenders behind most violations. flag While Meta claims it acts swiftly on reports, the FCA continues to push for stronger safeguards. flag Enforcement of new penalties under the UK’s Online Safety Act, which could fine companies up to 10% of global revenue, remains delayed until at least 2027.

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