Google to Extend Financial Services Verification Program to More Countries

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By Modupe Gbadeyanka

Tech giant, Google, has promised to extend its financial services verification program to more countries after bringing 11 nations into the scheme as of 2022 as part of efforts to protect its users from fraud and scams, which it said increased in the year under review.

The financial services certification program requires advertisers to demonstrate that they are authorized by their local regulator to promote their products and services.

This measure adds a new layer of security against fraudsters and further safeguards people from financial scams.

According to Google, actions are quickly taken when coordinated threats are identified, with additional restrictions put in place to block the ability of fraudsters to harm consumers.

“Over a one-month period, we blocked and removed tens of thousands of malicious advertisements and took action against the accounts associated with the bad ads.

“Overall, in 2022, we blocked or removed 142 million advertisements for violating our misrepresentation policy and 198 million advertisements for violating our financial services policy,” a blog post from the reputable platform on its 2022 Ads Safety Report said.

As for the efforts to prioritise child safety, Google said it has always blocked harmful ads targeted at young kids, especially by filtering “mature ad categories such as sexually explicit content and ads for gambling, alcohol and pharmaceutical drugs.”

“When it comes to designing products and creating policies, one of our top priorities is to ensure the safety of kids and teens around the world.

“This includes blocking ad targeting based on age, gender or interests and preventing additional age-sensitive ad categories from serving to teens. We began rolling out these changes in Europe and completed that process globally last year.

“We also now prohibit ads promoting dating apps, contests and sweepstakes, as well as weight loss products to people under 18,” it further disclosed.

Commenting on how it has tackled misinformation, Google said the reliance on its platform for the hunt for credible information influenced the creation of “policies against harmful health claims and demonstrably false claims that could undermine trust and participation in elections.”

“In 2022, we blocked ads from running on over 300,000 publisher pages that violated these policies and blocked over 24 million policy-violating ads from serving.

“In addition, we blocked and removed over 51.2 million ads for inappropriate content including hate speech, violence and harmful health claims and 20.6 million ads for dangerous products or services such as weapons and explosives,” it stated.

Looking ahead to 2023, the search engine said it would continue to provide a safe and trustworthy ads experience for users.

“As 2023 continues, we will stay diligent in our efforts to combat abuse across our platforms while helping advertisers and publishers grow their businesses,” it assured.

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