UK Competition and Markets Authority launched a new phase of the ‘Online Rip-Off Tip-Off’ campaign

UK authority launched a new phase of the ‘Online Rip-Off Tip-Off’ campaign to combat misleading price reduction and urgency claims.
UK authorities froze $7.7 million worth of illicit crypto in one year, focusing on funds tied to criminal activities such as money laundering.

On 29 March 2023, the UK Competition and Markets Authority (CMA) released the next phase of its ‘Online Rip-Off Tip-Off’ campaign, asking consumers to report online rip-offs using a new digital form.

CMA also published a letter to UK businesses providing information regarding its ‘online red lines’ on the misleading price reduction and urgency claims. The deceptive online sales tactics used by companies include, among others: pressure selling, hidden charges, subscription traps, and fake reviews.