Google has announced plans to shutter a “scam”-ridden investment bank that was used to facilitate the laundering of millions of dollars from investors.
The company said on Wednesday it plans to close the “Scam Bank” and will “move forward with the necessary measures to provide the customers of Google the level of transparency they deserve.”
The Scam Bank is a company that had been used to help investors hide money from investors, the company said in a statement.
“Google will remove ScamBank from its platform as soon as it is fully operational and is ready to provide its customers with an appropriate and efficient way to report suspicious activity.”
The “ScamsBank” has been shut down.
Google said it plans on providing customers with a comprehensive way to file a complaint, which includes details about the alleged wrongdoing, the nature of the investment and the nature and extent of the funds involved.
It also said that customers will be able to request information from the Scam bank about what other companies it was dealing with and how to contact them.
Google has also taken steps to stop its staff from using the ScamsBank.
According to a Google employee who spoke to the Wall Street Journal, employees are not allowed to work from home, and will be required to report to the company at the company’s offices in Mountain View, California, and San Francisco.
The employee added that employees will be expected to maintain a high level of integrity and “not be involved in any criminal activity.”