Warner’s concerns, outlined in a letter addressed to Treasury Secretary Janet Yellen, highlight a perceived failure of the Treasury Department in overseeing “sanctions compliance in digital advertising markets.” Specifically pointing fingers at American tech giants Alphabet (Google’s parent company) and Meta (Facebook’s parent company), Warner accused these companies of consistently disregarding U.S. sanctions rules.
According to the senator, these tech behemoths are still providing advertising technology services to entities linked with countries Warner labels as “foreign adversaries,” including Russia and Iran. The letter emphasizes that the Treasury Department needs to take immediate action to prevent the continuation of such practices.
Read more: US Tech Giants Accept European Union’s ‘Gatekeeper’ Classification
Notable instances cited in Warner’s letter involve reports from late 2023, revealing Google’s alleged serving of ads to sanctioned Russian and Iranian firms. Additionally, the letter references Facebook advertising being exploited by pro-Russian businessman Ilan Shor for what Warner describes as “malign influence activity targeting Moldovan elections.”
Highlighting the significance of the upcoming elections, Warner stressed the need for the Treasury Department to rigorously enforce compliance with U.S. sanctions. As many countries, including the United States, gear up for elections this year, the senator underscores the importance of preventing tech companies from facilitating activities that could compromise the integrity of democratic processes.
The response from the accused tech giants, Alphabet and Meta, is yet to be seen, as they did not immediately comment on Warner’s allegations.
Source: Reuters
Featured News
UK Approves £15 Billion Vodafone-Three Merger With Conditions
Dec 5, 2024 by
CPI
Mastercard Settlement Faces Challenge in Landmark Consumer Case
Dec 4, 2024 by
CPI
Novartis Loses Appeal to Delay US Launch of Entresto Generic
Dec 4, 2024 by
CPI
UK Delays Provisional Findings in Cloud Market Probe to January
Dec 4, 2024 by
CPI
EU Probes Nvidia Over Alleged Bundling Practices Amid Run:ai Acquisition Scrutiny
Dec 4, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Moats & Entrenchment
Nov 29, 2024 by
CPI
Assessing the Potential for Antitrust Moats and Trenches in the Generative AI Industry
Nov 29, 2024 by
Allison Holt, Sushrut Jain & Ashley Zhou
How SEP Hold-up Can Lead to Entrenchment
Nov 29, 2024 by
Jay Jurata, Elena Kamenir & Christie Boyden
The Role of Moats in Unlocking Economic Growth
Nov 29, 2024 by
CPI
Overcoming Moats and Entrenchment: Disruptive Innovation in Generative AI May Be More Successful than Regulation
Nov 29, 2024 by
Simon Chisholm & Charlie Whitehead