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ARTICLE · 31 MAY 2022

ACCC commences proceedings against Meta for scam crypto ads on Facebook

Cooper Grace Ward
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Outcome of current case will have a lasting effect on practices adopted by these companies in monitoring ads.

AustraliaConsumer Protection
Adelaide Hayes
Adelaide Hayes
Tom Jury
Tom Jury
Harvey Hope
Harvey Hope
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The ACCC has commenced proceedings in the Federal Court against Meta Platforms, Inc. and Meta Platforms Ireland Limited, alleging that these entities are liable for scam advertisements published by third parties on Facebook.

The proceedings

The ACCC alleges that Meta Platforms, Inc. and Meta Platforms Ireland Limited:

  • engaged in false, misleading or deceptive conduct by publishing scam advertisements on Facebook
  • aided and abetted or were knowingly concerned in the scammers' misleading and deceptive conduct and false representations,

in contravention of the Australian Consumer Law (ACL) or the Australian Securities and Investments Commission Act 2001 (Cth) (ASIC Act).

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