An international investigation led by the UK's Financial Conduct Authority (FCA) has targeted influencers promoting financial products on social media, resulting in three arrests and 50 warning notices.
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International influencer crackdown leads to three UK arrests
“There was an isolated incident in late 2024 which resulted in a delay in actioning a small number of reports from the FCA,” Meta said in a statement in response to the Treasury. “This was rectified and all other relevant reports made by the FCA have been promptly processed.”
