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Showing 91 - 100 of 258 results for "scam"

Regulators prioritise emerging areas of risk

CASSANDRA BALDINI  |  WEDNESDAY, 22 MAR 2023
Regulators are prioritising a range of emerging areas of risk across the superannuation industry. Speaking on a panel at the Conference of Major Superannuation Funds (CMSF) in Melbourne, APRA general manager superannuation Katrina Ellis, ASIC Commissioner ...

Government acts to regulate crypto assets

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
Crypto asset licensing and custody reforms by the government are targeting subsets outside the financial services framework. In a joint statement, treasurer Jim Chalmers and assistant treasurer and minister for financial services Stephen Jones said ...

Fraudsters jailed over international crypto scam

JAMIE WILLIAMSON  |  WEDNESDAY, 18 JAN 2023
... Jordan Kane Robinson and James Austin-Beddoes were sentenced to a combined 15 years in prison over their involvement in a scam that "exploited a loophole" on the platform - reported to be Australian-based Coinspot. The scam was masterminded by James ...

Adviser imprisoned for super fraud

CHLOE WALKER  |  THURSDAY, 15 DEC 2022
... deputy chair Sarah Court said that ASIC was particularly concerned by Goel's conduct, which had many characteristics of a scam and a direct and adverse impact on First Nations consumers. "ASIC will continue to prioritise its enforcement work in this ...

Data sharing laws updated in response to Optus breach

JAMIE WILLIAMSON  |  FRIDAY, 7 OCT 2022
... to ensure that only limited information is made available for certain reasons, only to be used in responding to fraud or scam activity, identity theft or cybersecurity incidents. Entities that wish to receive the data must provide written commitments ...

ASIC highlights strategic priorities

CASSANDRA BALDINI  |  TUESDAY, 23 AUG 2022
ASIC has released its corporate plan, outlining strategic priorities and its course of action for the next four years, with a particular focus on the retirement sector. The regulator highlighted four strategic priorities. One of its primary focuses ...

ACCC on financial services priorities

CASSANDRA BALDINI  |  WEDNESDAY, 1 JUN 2022
... to crypto investment scams. "This year we instituted proceedings against Facebook's parent company, Meta, for publishing scam advertisements promoting cryptocurrency and other money-making schemes that we allege amount to false, misleading or deceptive ...

Volatile crypto markets need better regulation: CHOICE

ANDREW MCKEAN  |  TUESDAY, 31 MAY 2022
... investment scams in 2021. Of note, the ACCC acted over alleged misleading conduct by Meta (formerly Facebook) for publishing scam celebrity crypto ads. The ACCC contends that ads which promoted cryptocurrency were likely to mislead Facebook users into ...

Tesla axed from the S&P 500 ESG index

ANDREW MCKEAN  |  THURSDAY, 19 MAY 2022
... rated top ten best in world for environment, social & governance (ESG) by S&P 500, while Tesla didn't make the list! ESG is a scam. It has been weaponised by phony social justice warriors." The billionaire he said he believed that Tesla had done more ...

Macquarie responds to term deposit scam

CHLOE WALKER  |  THURSDAY, 28 APR 2022
... customers after someone posed as a staff member and swindled a widow out of $760,000. Macquarie Group has said it is aware of a scam using its name to solicit fake term deposit applications through a website resembling that of Macquarie's. Grieving widow ...