Search Results | Showing 1 - 10 of 165 results for "Scams" |
| | | ASIC has commenced a consultation on proposed updated guidance to simplify and streamline the Scams Prevention Framework (SPF) coming into effect early next year. The consultation relates to the updates applied to Regulatory Guide 267 Oversight of the ... |
| | | | ... the sandbox review, there are a large amount of reforms that need to be actioned including payments, digital assets, CDR, scams, AML/CTF and CCR. We have a long way to go." It also supports ASIC considering thematic sandboxes integrating specific sectors ... |
| | | | ... were considered together. ASIC noted reports from the public have helped take swift action against emerging pump-and-dump scams, which are becoming increasingly sophisticated using fake celebrity endorsements, causing substantial harm to Australian investors. ... |
| | | | ... complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention Framework Bill in 2025 following an industry-wide consultation, which places obligations on banks, telecommunications ... |
| | | | ... listed on AUSTRAC's Virtual Asset Service Provider Register (VASPR). The warning comes as ASIC continues to target investment scams and unlicensed operators, with the regulator urging consumers to independently verify licencing and contact details rather ... |
| | | | ... the member verification process - a critical first step for super fund call centres given the growing risks of fraud and scams," SMC spokesperson added. "Real super fund members expect their funds to take identity security very seriously, and they know ... |
| | | | ... complaints rose 12% to 6706 following a decline the previous year. Jenkins believes the numbers reflect the continued threat scams pose to Australian consumers. "Scammers are becoming more sophisticated in how they target consumers. Resolving disputes ... |
| | | | ... totalling $181,000. He then dealt with the bank cheques by sending them to an associate. "ASIC is committed to disrupting scams and, where possible, holding those who enable them to account. This case is another example of ASIC's broad work to combat ... |
| | | | ... significant member services issues to ASIC and HSBC Bank Australia admitting to serious failures in protecting customers from scams that cost it $35 million. The Federal Court also recently ordered Westpac to pay a $26 million penalty for widespread ... |
| | | | ... Commission (ACCC), Australian Financial Complaints Authority (AFCA), and other agencies to reduce the harmful impact of scams and facilitating necessary changes to AFCA's rules and jurisdiction. Meantime, the laid expectation on APRA is almost identical ... |
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