I found this great website that features banned and rejected works of advertisements. This site features many examples of print, tv, radio ads that have been banned or rejected by the public/standards. Here is a little more info what they are all about:
These examples from the forthcoming book, Best Rejected Advertising Volume Three, are print ads, TV and radio commercials that prompted consumer complaints.
All campaigns are published alongside the rulings or adjudications from national advertising standard authorities or comparable self-regulating organizations.
By presenting the material from European and Overseas countries we hope to offer a view of the process of self-regulation practiced by national Advertising Standard Authorities in each country, as well as of national standards of “taste & decency” in those countries.
Click here to visit bestrejectedadvertising.com.
A campaign almost identical to the ad you illustrated was in fact run by the Body Shop here in Australia a few years ago. I believe the image was slightly different, possibly not quite so skanky.
I believe it ran on billboards and was available as a postcard from free display racks in cafes, bars and clubs.