NEW FINE FOR UNFAIR ADVERTSIING IN GOOGLE
FAS fined “Google” LLC 100,000 for disseminating an advertisement of financial services of “Ali Trade” that does not have a license for such operations
FAS imposed a 100,000 RUB administrative fine upon “Google” LLC as a disseminator of unfair advertisement of financial services of “Ali Trade” via Google AdWords.
Earlier FAS Commission found that advertisement of “investment earnings” was contrary to the Law on advertising since the company is not in the License Register of shareholding investment funds on the official web-site of the Bank of Russia and therefore, does not have a license for acting as an investment fund.
Upon the fact of the violation, FAS issued an order to “Google” LLC as disseminating unfair advertising to eliminate the violation.
Clause 7 Article 7 of the Federal Law “On advertising” bans advertisements of goods, production and (or) sales of which requires licensing or other special permits ifs such permits are absent.
Under Part 7 Article 38 of the Federal Law “On advertising”, advertising disseminator is held liable for breaching Article 7 of the Federal Law “On advertising”.