Federal antimonopoly service: "Most financial internet-ads are illegal"

Speaking to press at the opening of the Financial Supermarket expo last week, a represantative of the Federal Antimonopoly Service (FAS) claimed most online ads of financial products to be illegal. "They just can't put all the details of the offer into a banner or text ad, as required by the Federal Law On Advertising, she explained. Further on Mar,6 FAS officials said they plan to fully examine banks' advertising on the web on how it meets legal requirements. As we reported earlier, last year Russian financial business spent $11,3 mln on online advertising with 70% of this money spent by twenty banks.