Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 151 results for "Scams"

AI, operational failures key regulatory risks for ASIC in 2026

RIDDHIMA TALWANI  |  TUESDAY, 27 JAN 2026
... the forefront of concern for ASIC as it sees consumers face risks from automated decisions, AI-driven interactions, and scams amplified by technology. It has found varying maturity in how businesses adopt AI and manage governance risks. "While agentic ...

Most read in 2025: Superannuation

ELIZA BAVIN  |  MONDAY, 22 DEC 2025
... commissioner Simone Constant, outlined ASIC's guidance for super trustees in preventing, detecting and responding to scams and fraud activity. Equip Super, TelstraSuper terminate merger plans Equip Super and TelstraSuper called off their proposed ...

ASFA expands financial crime prevention framework for super trustees

MATTHEW WAI  |  FRIDAY, 12 DEC 2025
... Australia (ASFA) has launched two new tools to help super trustees strengthen their fraud controls. The new features, dubbed the Scams and Fraud Toolkit and the Scams Policy Template, are now available and come in response to regulatory and community ...

Super funds continue to fail vulnerable members: UNSW

MATTHEW WAI  |  THURSDAY, 27 NOV 2025
... approach to helping members targeted by questionable schemes that promise better performance, warning them about potential scams while carefully navigating defamation and advice restrictions.

Majority reject crypto investments in super fund: Swyftx

MATTHEW WAI  |  THURSDAY, 6 NOV 2025
... Further, in the wake of the collapse of FTX and risks associated with money laundering, security failures, and investment scams, the report found that the net lack of trust in digital currencies has risen to 60% in 2025 from 57% last year. However, among ...

ASIC labels digital assets as financial products

MATTHEW WAI  |  THURSDAY, 30 OCT 2025
... efficient way." In FY25, AFCA received 159 complaints about cryptocurrency firms that were voluntary members in relation to scams, interpretation of product terms and conditions, and failure to act in a client's best interest. Additionally, in the ...

APRA flags growing trustee complacency on retirement strategies

RIDDHIMA TALWANI  |  FRIDAY, 17 OCT 2025
... cyber, operational, investment and liquidity. Cole noted members in the retirement phase are more vulnerable to cyberattacks, scams and fraud. "A continuing priority for APRA is to ensure that regulated entities have robust information controls in place ...

GIM director slapped with travel restraints

KARREN VERGARA  |  WEDNESDAY, 24 SEP 2025
... "potential financial irregularities" in the portfolio in February. The National Anti-Scam Centre estimates that more than 108,000 scams have led to $174 million in financial losses. Some $73.3 million involve investment scams that commonly promise big ...

FEATURE: Problem detected

MATTHEW WAI  |  THURSDAY, 18 SEP 2025
... explains. "For a while now we've been running formal training sessions around ransomware, phishing and social engineering scams. "We also run an education platform focused on cyber risks that all staff must complete as well as regularly testing staff ...

Binance under microscope over loose controls

MATTHEW WAI  |  MONDAY, 25 AUG 2025
... digital currency exchanges to remain alert to transactions that indicate suspicious behaviour, including money laundering via scams and cybercrime and terrorism financing - the potential for these activities is much higher for global exchanges. "Capacity ...