Facebook's current political ads policy does not take any action against ads run by political leaders or groups even if they contain misinformation or lies.
Democratic presidential candidate Michael Bloomberg is promoting his political campaign via sponsored content through Facebook and Instagram influencers.
During India's 17th Lok Sabha elections earlier this year, Facebook's Ad Library Report showed that the site had 1.21 lakh political ads worth over Rs 26.5 crore.
Facebook CEO Mark Zuckerberg said the social media giant will add fresh security measures to prevent political candidates' accounts from hijacking or monitoring.
Facebook said that it will neither censor nor send statements, ads or any other content shared by politicians to its third-party fact-checkers.
"We want to make sure that people understand what they're seeing, who paid for it, and the fullness of what other people might see," Sheryl Sandberg.