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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.
“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.”
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