Taipei: Meta, LINE, TikTok, and Google are required to publish transparency reports before the end of the year as part of government-led efforts to combat fraud, Taiwan's Minister of Digital Affairs (MODA) Huang Yen-nan announced Tuesday. The announcement came during a press conference marking Huang's first year in office.
According to Focus Taiwan, the four companies, which operate six major online platforms - Facebook, Instagram, LINE, TikTok, Google, and YouTube - are now under formal regulatory supervision. In May, these companies submitted fraud prevention plans. Minister Huang emphasized that MODA will guide them in implementing those plans and ensuring compliance with relevant laws, while continuing to support their anti-fraud initiatives.
Under Taiwan's Fraud Crime Hazard Prevention Act, which took effect at the end of July last year, social media companies must verify the identities of advertisers and sponsors, create fraud prevention plans, and publish regular transparency reports. Minister Huang explained that companies are also required to remove fraudulent advertisements within a designated timeframe after being notified by the authorities.
In response to inquiries about TikTok's progress in appointing a legal representative in Taiwan, a MODA official revealed that TikTok has submitted its application. The official noted that the review process involves multiple ministries, including the Ministry of Economic Affairs (MOEA) and the Mainland Affairs Council (MAC), and described the company's cooperation level as "not bad."