Online platforms failing on scam ads, UK's Ofcom says as it unveils d…

UK's Ofcom has unveiled draft codes of practice requiring online platforms to take stronger action against scam advertisements, citing widespread failures by Meta, Google, TikTok and others to adequately police fraudulent ads. The regulator is setting minimum standards for ad vetting, removal timelines, and transparency as platforms face pressure to combat financial crime. If you build ad-tech compliance, trust, or fraud detection tools for platforms, Ofcom just created a regulatory obligation where there was commercial discretion. Meta, Google and TikTok now have to buy better moderation—you're the vendor they call.