Google’s Financial Fraud Checks Win Plaudit From Spain Watchdog

Alphabet Inc. won a pat on the back from Spain’s market regulator for taking steps to clamp down on ads for potential financial frauds on platforms such as YouTube and Google.

The firm said on Wednesday that it’s put in place new tools and policies in Spain so that advertisers of financial services have to show that they’re authorized by either the watchdog, known as CNMV, or the Bank of Spain, among other regulatory agencies.

“The CNMV considers this decision positive and thanks Google for its willingness to collaborate in reducing the spread of fraud attempts against investors,” the regulator ...