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Meta tightens Australian advertising rules to curb financial fraud.
On December 2, Glonghui reported that Instagram (Ig) and Facebook (fb) parent company meta platforms' australia division announced tightened restrictions on displaying advertisements related to financial products or services to australian users, in order to curb the spread of financial traps on social media. In October of this year, meta announced it had removed 8,000 advertisements that fell under the category of "celeb bait." As part of assisting australian law enforcement in combatting online fraud, meta stated on Monday that it will confirm relevant information before publishing financial advertisements.