Stock Markets May 21, 2026 06:34 AM

EU Consumer Groups File Complaints Against Google, Meta and TikTok Over Financial Scam Ads

BEUC and members say platforms failed to curb fraudulent advertisements, lodging cases under the Digital Services Act

By Sofia Navarro GOOGL META

European consumer organisations, led by BEUC and 29 national groups, have filed complaints with the European Commission and national regulators alleging that Google, Meta Platforms and TikTok did not adequately protect users from financial scams advertised on their services. The complaints invoke obligations under the Digital Services Act and cite low removal rates and high levels of ignored or rejected reports.

EU Consumer Groups File Complaints Against Google, Meta and TikTok Over Financial Scam Ads
GOOGL META

Key Points

  • BEUC and 29 member organisations from 27 countries filed complaints against Google, Meta and TikTok under the Digital Services Act.
  • Consumer groups reported nearly 900 suspected rule-breaching ads between December and March; platforms removed 27% and rejected or ignored 52% of reports.
  • Regulators have been urged to investigate compliance and may impose fines under the DSA, with penalties of up to 6% of global annual turnover.

A coalition of consumer groups in Europe has lodged formal complaints against Alphabet’s Google, Meta Platforms and TikTok, accusing the platforms of inadequate action to prevent financial scams from circulating to users.

The complaints were submitted by the European Consumer Organisation (BEUC) together with 29 member groups from 27 European countries. They were filed with both the European Commission and national regulators under the Digital Services Act (DSA), the EU law that requires large online platforms to take stronger measures against illegal and harmful content.

BEUC’s director general, Agustín Reyna, said in a statement that the three platforms not only fail to proactively remove fraudulent advertisements but also take insufficient action when notified about such scams. "If they fail to address the financial scams circulating on their platforms, fraudsters will continue to reach millions of European consumers daily, leaving people at risk of losing hundreds to thousands of euros to fraud," he said.

The consumer groups reported nearly 900 advertisements that they suspected breached EU rules during the period from December last year through March this year. According to the filing, the platforms removed only 27% of those ads. Meanwhile, 52% of the reports made by consumer groups were either rejected or ignored by the services.

BEUC and its members have urged regulators to probe whether Google, Meta and TikTok are complying with DSA requirements and to consider imposing fines for any breaches. Under the Digital Services Act, penalties for non-compliance can reach up to 6% of a company’s global annual turnover.

There was no immediate response from the companies to an email request for comment, according to the complaint submission record.


Context and implications

The complaints place regulatory pressure on the three platforms by invoking the enforcement mechanisms of the DSA. BEUC’s submission highlights both the scale of suspected rule-breaking advertisements identified by consumer groups and the platforms’ reported low rate of takedown or remedial action when these ads were flagged.

The groups are seeking investigations by the European Commission and national authorities to determine compliance and, where appropriate, financial penalties under the DSA framework.


Data cited by BEUC

  • Nearly 900 suspected ads reported between December and March.
  • 27% of those reported ads were taken down by the platforms.
  • 52% of reports were rejected or ignored.
  • Potential fines under the DSA may reach up to 6% of global annual turnover.

The complaint campaign underscores ongoing scrutiny of major online platforms and their role in preventing fraudulent financial activity aimed at European consumers.

Risks

  • Ongoing exposure of consumers to financial scams if platforms do not increase proactive removal and response efforts - impacts consumer protection and fintech sectors.
  • Potential regulatory penalties under the Digital Services Act, which can be as high as 6% of a company’s global annual turnover - impacts major tech companies and the digital advertising sector.
  • Persistent gaps in platform enforcement could erode user trust and invite further regulatory scrutiny across online services.

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