Ofcom targets scam ads on major platforms
Friday 10th July, 2026
Ofcom has proposed rules forcing big platforms to tackle scam adverts on services used in the UK, with fines up to £18m or 10% of global turnover for non-compliance.
This gives Wise a chance to comment on protecting customers from financial fraud in the UK and explain how it helps people spot safe payment routes.
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Why have we flagged this?
Ofcom's draft rules on scam ads directly affect online payment fraud and consumer trust in cross-border payments — Wise can offer expert comment and data on scam trends and anti-fraud measures.
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