Aside from disabling misuse of features, it also uses the Reporting API [0] which means that toxic ads violating the feature policy can be reported to the site owner and then potentially removed. That's what I would do if I were a site owner pushing ads -- check on my side to make sure they aren't doing anything questionable and address it immediately if it is.
> How about you just do your job as a site owner and employ an ad network with a code of conduct/morals?
How would this prevent a bad actor from making an ad that looks safe but isn't?