The European Consumer Organisation and 29 member associations filed formal complaints against Alphabet’s Google, Meta, and TikTok under the Digital Services Act. These filings accuse the platforms of failing to protect users from fraudulent financial advertisements.
An investigation analyzed approximately 900 suspect advertisements. Platforms ignored or rejected over 50% of the resulting user reports.
Violations of the act carry potential penalties of up to 6% of a company's global annual turnover.
Google rejected the allegations and stated it strictly enforces ad policies to block violating promotions before they go live.