UK Proposes Banning Scam Ads on Online Platforms to Combat Fraud

UK regulator Ofcom has proposed new measures requiring major social media platforms, including Facebook, Instagram, Snapchat, X, and YouTube, to ban scam advertisements and prevent fraudulent accounts under the Online Safety Act. These rules aim to reduce online scams, improve law enforcement cooperation, and impose penalties for non-compliance, with fines up to 10% of global revenue. The proposals also include safeguards for journalistic content and measures to limit user exposure to harmful content such as self-harm, hate, and abuse.

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