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Google Rejects EU Consumer Complaint Over Fraudulent Ads

Google rejected accusations that it failed to adequately combat fraudulent advertising across its platforms following a complaint submitted by consumer organisations from Cyprus and other European Union member states. The complaint also targets Meta and TikTok, alleging that the companies breached obligations under the EU’s Digital Services Act (DSA).

Complaint Overview

The complaint was submitted on May 21 by the Cyprus Consumers Association together with 281 consumer organisations coordinated by BEUC. An investigation conducted between December 2025 and March 2026 by BEUC and 13 national consumer associations preceded the filing. Researchers identified 893 allegedly fraudulent advertisements across 13 countries, with findings suggesting that financial scam advertisements remained widespread on platforms operated by Google, Meta and TikTok.

Google’s Response

A spokesperson for Google dismissed the allegations and defended the company’s existing anti-fraud systems. According to Google, more than 99% of advertisements violating company policies are blocked before publication. Company representatives also argued that the complaint misrepresented the scale and effectiveness of Google’s fraud prevention measures.

Regulatory Pressure And Future Implications

Growing scrutiny from European regulators and consumer groups is increasing pressure on major technology platforms to strengthen oversight of digital advertising systems. Particular focus has been placed on how platforms respond when potentially fraudulent advertisements are flagged by users, regulators or consumer organisations.

Broader concerns surrounding financial scams and consumer protection across digital marketplaces are also becoming more prominent within the European Union’s regulatory agenda. The outcome of the complaint could influence future enforcement of the Digital Services Act and shape how large technology companies manage advertising moderation, compliance and fraud prevention across European markets.


Eurobank Wins Two Euromoney Awards Following Cyprus Merger

Eurobank has been named Cyprus’ Best Bank for 2026 by Euromoney, while also receiving the award for Best Bank for Large Corporates at the publication’s latest Awards for Excellence.

Merger Marks A Milestone

The awards recognise the bank’s performance during 2025, a year marked by the completion of the legal merger between Hellenic Bank and Eurobank Cyprus. The transaction created Eurobank Limited, which the group says is now Cyprus’ largest banking and insurance organisation, with assets exceeding €28 billion.

Euromoney’s Awards for Excellence evaluate banks’ performance over the previous calendar year, with this edition covering January 1 to December 31, 2025.

Lending, Customers And Digital Growth

Eurobank said its business lending portfolio expanded by around 17 per cent during 2025, while its customer base grew to more than 710,000 retail clients and 11,500 business customers.

The bank also continued its digital expansion, saying more than 96 per cent of transactions are now completed through digital channels, and most financing applications are submitted via its mobile app.

Expanding International Presence

Eurobank also highlighted the opening of its first representative office in India, describing the move as a step toward strengthening business links between Cyprus and India while supporting Cyprus’ role as a gateway to the European Union for Indian businesses and investors.

According to the bank, Euromoney recognised not only the successful completion of the merger but also its lending growth, digital transformation and contribution to Cyprus’ position as an international business and investment hub.

CEO On The Awards

“The Euromoney awards confirm Eurobank’s strong momentum and the successful implementation of our group’s strategy in Cyprus,” Chief Executive Michalis Louis said.

He said the merger strengthened the bank’s ability to support households, businesses and the wider economy, while highlighting continued investment in digital services and the opening of the representative office in India as key milestones during the year.

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