Burnham Eyes UK Leadership Role in AI Ahead of Trump Meeting 
Fed Rate Hike Threatens Housing as U.S. Growth Leans on AI, Citi Says 
Yen Weakens as Dollar Gains on Widening US-Japan Rate Gap 
OpenAI Urges US-Led Global Standards for Frontier AI 
Yen in Focus as BOJ, Fed Rate Hikes Reshape Currency Markets 
Who should own the knowledge that underpins AI technology? 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
Databricks to Invest $350 Million in Singapore AI Expansion 
Europe Jet Fuel Deficit Drives South Korean Imports to Four-Year High 
Europe can’t achieve space sovereignty alone. Here’s why 
SoftBank Shares Jump 8% as SB Energy IPO Optimism Builds 
U.S. Stock Futures Rise Ahead of Trump-Xi Summit, Middle East Risks Weigh 
Canada Eyes India Trade Deal by Year-End 
South Korea to Brief Lawmakers on $350 Billion US Investment Package 
Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears 
Gold Prices Hold Steady Ahead of Trump-Xi Summit, Middle East Risks 
Vietnam, US Trade Deal Could Be Signed Soon, To Lam Says 
Add as a preferred source on Google
Meta Platforms has introduced stricter ad regulations for financial products in Australia, aiming to curb scams. Advertisers must now verify credentials, including financial licenses, to ensure transparency and deter fraudulent schemes on its platforms.
Meta Enforces Stricter Rules for Financial Advertisements in Australia
According to Reuters, in an effort to curb scams on social media, Instagram and Facebook owner Meta Platforms announced on Monday that it had implemented more stringent regulations for advertising of financial products and services targeting Australians.
Meta announced in October that it had removed 8,000 "celeb bait" adverts in an effort to combat the prevalence of investment frauds involving the exploitation of famous people's likenesses. The action follows a joint effort by Meta and Australian banks to combat this problem.
Advertisers Must Verify Financial Credentials
According to Meta, in order for advertisers to run financial services ads, they must now validate their payer and beneficiary details, as well as their Australian Financial Services License number.
"The introduction of financial advertiser verification is an important additional step towards protecting people in Australia from these sophisticated scammers," stated Will Easton, managing director of Meta ANZ-Insurance.
Following verification, the business stated that advertisers will be required to provide their payer and beneficiary information in their advertising. This information will be displayed in a "Paid for By" disclaimer once the ad is approved.
Broader Regulatory Actions Targeting Tech Platforms
Internet platforms in Australia might have been fined up to five percent of their worldwide income if they failed to take measures to stop the spread of disinformation online, but last month, the center-left government shelved those proposals, per Investing.com.
In the run-up to the federal election in just over a year, the law was a component of a broad regulatory crackdown by Canberra, where politicians have voiced concerns about tech platforms based overseas infringing on the country's sovereignty.
Australia Bans Social Media for Minors Under 16
A landmark rule that prohibits children under the age of 16 from using social media was approved by Australia this week.
