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FCA ‘keen’ for info on Google’s scam crackdown as criticism mounts

The regulator has yet to be updated on effectiveness of plans to combat investment frauds appearing on the search engine

Tech giants are facing increased scrutiny over how financial scams are promoted online
Tech giants are facing increased scrutiny over how financial scams are promoted online Photo: Getty Images

The Financial Conduct Authority is still awaiting information on whether Google’s plans to crack down on online investment fraud are working, Financial News has learned.

Since 6 September, any financial services company looking to advertise through the search engine giant requires FCA authorisation, under a new policy to stop the promotion of scams to investors.

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