Confused
The FCA advertised on Google, and they paid Google for the advertising they did. Why should they be reimbursed?
Google has again refused to say whether it will reimburse Britain's Financial Conduct Authority (FCA) for all the money it has spent warning consumers about dodgy financial ads carried on the tech giant’s platform. The director of Trust and Safety at Google, Amanda Storey, was among a number of tech bigwigs quizzed about …
@Throatwarbler Mangrove "Why should they be reimbursed?"
Because Google offered to reimburse them. From article.
"Back in June, as we've previously written, Mark Steward, director of enforcement and market insight at the Financial Conduct Authority (FCA), said Google had offered to repay the hundreds of thousands of pounds the authority spent on online ads warning people about the dangers of money scams. ..."
"Scams and fraud are organised crime, much like identity theft or hacking, and we're really working to better monetize this, by asking bigger fees both from the fraudsters and the prospective victims. Nobody should get scammed on our platform without ourselves making the biggest profit."