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TheMajestic12
09-03

The one million penalty is too low?

Singapore orders Meta to implement anti-scam measures or face possible fine

Singapore orders Meta to implement anti-scam measures or face possible fineSINGAPORE, Sept 3 (Reuters) - Singapore police have ordered Meta META.O to implement anti-scam measures against advertisement

Singapore orders Meta to implement anti-scam measures or face possible fine

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It also rated Facebook Marketplace as the weakest among six e-commerce marketplaces in terms of anti-scam features deployed. </p><p>Police statistics released in August showed that scams that involved the impersonation of government officials almost tripled to 1,762 cases in the first half of 2025, from 589 cases in the same period a year ago. A total of S$126.5 million was lost to this type of scam in the same period, up 88% from the S$67.2 million lost a year ago. </p><p>The home affairs ministry acknowledged Facebook Marketplace has required \"enhanced user verification measures\" for select sellers in Singapore since 2024, and that it introduced in-product safety notices, as well as anti-scam notices within its messaging functions to warn users of the risk of e-commerce scams.  </p><p>Those measures were deployed after earlier criticism by the government over the company's failure to put in place safeguards that protect users from scams. </p><p>In February 2024, then-Minister of State for Home Affairs Sun Xueling said that the company had \"consistently pushed back\" against the ministry's recommendations to implement measures, such as verifying users against government-issued identification or offering secured payment options to combat e-commerce scams on the platform.     </p><p> (Reporting by Jun Yuan Yong; Editing by Jamie Freed)</p><p> ((junyuan.yong@thomsonreuters.com))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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It also rated Facebook Marketplace as the weakest among six e-commerce marketplaces in terms of anti-scam features deployed. </p><p>Police statistics released in August showed that scams that involved the impersonation of government officials almost tripled to 1,762 cases in the first half of 2025, from 589 cases in the same period a year ago. A total of S$126.5 million was lost to this type of scam in the same period, up 88% from the S$67.2 million lost a year ago. </p><p>The home affairs ministry acknowledged Facebook Marketplace has required \"enhanced user verification measures\" for select sellers in Singapore since 2024, and that it introduced in-product safety notices, as well as anti-scam notices within its messaging functions to warn users of the risk of e-commerce scams.  </p><p>Those measures were deployed after earlier criticism by the government over the company's failure to put in place safeguards that protect users from scams. </p><p>In February 2024, then-Minister of State for Home Affairs Sun Xueling said that the company had \"consistently pushed back\" against the ministry's recommendations to implement measures, such as verifying users against government-issued identification or offering secured payment options to combat e-commerce scams on the platform.     </p><p> (Reporting by Jun Yuan Yong; Editing by Jamie Freed)</p><p> ((junyuan.yong@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0106261372.USD":"SCHRODER ISF US LARGE CAP \"A\" ACC","LU1670711040.USD":"M&G (LUX) GLOBAL DIVIDEND \"A\" (USD) ACC","LU0784385170.HKD":"BGF GLOBAL MULTI ASSET INCOME \"A6\" (HKDHGD) INC","LU0345769128.USD":"NINETY ONE GSF GLOBAL EQUITY \"A\" (USD) ACC","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","LU1116320901.HKD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A6\" (HKD) INC","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU0823434583.USD":"BNP PARIBAS US GROWTH \"C\" (USD) ACC","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU2063271972.USD":"富兰克林创新领域基金","LU1564329032.USD":"BGF DYNAMIC HIGH INCOME \"A2\" (USD) ACC","LU2896262040.SGD":"JPM US GROWTH FUND \"A\" (SGD) ACC","LU0823421416.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) INC","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","LU2764263203.CNY":"BGF GLOBAL UNCONSTRAINED EQUITY \"A2\" (CNYHDG) ACC","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","LU1489326972.SGD":"First Eagle Amundi International AHS-MD SGD-H","LU1066051498.USD":"HSBC GIF GLOBAL EQUITY VOLATILITY FOCUSED \"AM2\" (USD) INC","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","LU2756315318.SGD":"ALLIANZ INCOME AND GROWTH \"AMG\" (SGDHDG) INC A","LU2236285917.USD":"ALLIANZ GLOBAL INCOME \"AMG\" (USD) INC","LU1732799900.SGD":"JPMorgan Investment Funds - Global Income A (irc) SGD-H","LU0265550359.USD":"BGF SYSTEMATIC GLOBAL ENHANCED EQUITY YIELD \"A2\" (USD) ACC","LU0061474960.USD":"天利环球焦点基金AU Acc","LU0210533765.USD":"JPM GLOBAL GROWTH \"A\" (USD) ACC","LU2065171311.SGD":"M&G (LUX) GLOBAL MAXIMA \"A\" (SGD) ACC","LU0157215616.USD":"FIDELITY GLOBAL FOCUS \"A\" INC","SG9999002232.USD":"Allianz Global High Payout USD","LU0444971666.USD":"天利全球科技基金","META":"Meta Platforms, Inc.","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU0068578508.USD":"First Eagle Amundi International Cl AU-C USD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","SGXZ99366536.SGD":"United Global Innovation A Acc SGD-H","LU1718418525.SGD":"JPMorgan Investment Funds - Global Select Equity A (acc) SGD","LU0079474960.USD":"联博美国增长基金A","LU1127390331.HKD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"A\" (HKD) ACC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0011850046.USD":"贝莱德全球长线股票 A2 USD","LU0726765562.USD":"JPM GLOBAL INCOME \"A\" (USD HEDGED) INC","LU2133065610.SGD":"JPMorgan Investment Funds - Global Dividend A (mth) SGD","LU0823421333.USD":"BNP PARIBAS DISRUPTIVE TECHNOLOGY \"C\" (USD) ACC","LU2347655156.SGD":"JPMorgan Investment Funds - Global Income A (icdiv) SGD-H","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","IE00BK4W5M84.HKD":"HSBC GLOBAL FUNDS ICAV US EQUITY INDEX \"HC\" (HKD) ACC","IE00BQXX3D17.EUR":"GUINNESS GLOBAL INNOVATORS \"C\" (EUR) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250903:nL6N3UQ04Z:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2564444359","content_text":"Singapore orders Meta to implement anti-scam measures or face possible fineSINGAPORE, Sept 3 (Reuters) - Singapore police have ordered Meta META.O to implement anti-scam measures against advertisements, accounts, profiles and business pages impersonating key government office holders on its social media network Facebook to combat scams, a government minister said. The company could be fined up to S$1 million ($775,698) if it fails to comply as part of the first such order under the nation's new Online Criminal Harms Act, which came into force in February 2024. \"We are issuing (the order) to Meta because Facebook is the top platform used by scammers for such impersonation scams, and the police has assessed that more decisive action is required to curb these scams,\" Minister of State for Home Affairs Goh Pei Ming said in a speech on Wednesday.Meta did not respond immediately to a request for comment.In August, Singapore's home affairs ministry found that more than a third of all e-commerce scams reported in 2024 were perpetrated on Facebook. It also rated Facebook Marketplace as the weakest among six e-commerce marketplaces in terms of anti-scam features deployed. Police statistics released in August showed that scams that involved the impersonation of government officials almost tripled to 1,762 cases in the first half of 2025, from 589 cases in the same period a year ago. A total of S$126.5 million was lost to this type of scam in the same period, up 88% from the S$67.2 million lost a year ago. The home affairs ministry acknowledged Facebook Marketplace has required \"enhanced user verification measures\" for select sellers in Singapore since 2024, and that it introduced in-product safety notices, as well as anti-scam notices within its messaging functions to warn users of the risk of e-commerce scams.  Those measures were deployed after earlier criticism by the government over the company's failure to put in place safeguards that protect users from scams. 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