School of management at university of new south wales, University in Kensington, Australia

Sydney, Feb 3 In a first of its kind lawsuit against Meta (formerly Facebook), Australian iron ore magnate Andrew 'Twiggy' Forrest has launched legal action against social media giant, alleging that it breached anti-money laundering laws by failing to prevent a series of scam crypto ads using his name and image, media reports said on Thursday.Facing intense scrutiny by governments the world over user data privacy, Meta has previously never faced criminal charges.According to ABC News, Forrest alleged that Facebook was "criminally reckless" by failing to take down false cryptocurrency scam advertisements using his image.Facebook now rebranded to Meta "failed to create controls or a corporate culture to prevent its systems being used to commit crime", Forrest said."I'm concerned about innocent Austral being scammed through clickbait advertising on social media. I'm committed to ensuring that social media operators don't allow their sites to be used by criminal syndicates," he added in a statement.The charges have been brought under Part 10 of the Commonwealth Criminal Code, with the consent of the Commonwealth Attorney-General.An initial hearing into the case will be held in the Western Australia Magistrates Court on March 28, the report said.Forrest had launched civil proceedings in California against the company in September last year, seeking injunctive relief and other remedies.A separate case was pending in the Superior Court of California.A Meta spokesperson said: "We don't want ads seeking to scam people out of money or mislead people on Facebook they violate our policies and are not good for our community"."We take a multifaceted approach to stop these ads, we work not just to detect and reject the ads themselves but also block advertisers from our services and, in some cases, take court action to enforce our policies," the company spokesperson added.The clickbait ads, some of those alleging that Forrest secretly made his $27 billion fortune via cryptocurrency trading, have irked him since March 2019.He even publicly appealed to Meta Founder and CEO Mark Zuckerberg to stop those ads.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

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