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Showing 11 - 20 of 277 results for "scam"

NSW director disqualified over $7m SMSF scam

RIDDHIMA TALWANI  |  FRIDAY, 31 JUL 2026
... so in this case of unsophisticated investors who were doubtless attracted by the very high rates of return offered by the scam." Justice McElwaine added the need to send a very clear message to others that deliberate dishonest conduct in utter disregard ...

Crypto traders surge, Swyftx expands into mainstream assets

VINNY VUCAGO  |  FRIDAY, 31 JUL 2026
... play." The report also highlighted growing security concerns, with 62% of active traders reporting they had encountered a scam or fraud attempt, most commonly phishing attacks. One in four targeted investors suffered financial losses. "Being targeted ...

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |  THURSDAY, 23 JUL 2026
... breakdancing Olympian 'Raygun' has been sentenced 12 months' imprisonment for his role in a global cryptocurrency scam. Earlier in the year, former finance director Brendan Gunn pleaded guilty to dealing with more than $180,000 when it was ...

ASIC boasts $830m record civil penalties

KARREN VERGARA  |  MONDAY, 20 JUL 2026
ASIC has scored a whopping $830 million in civil penalty orders in the last financial year alone, a Freedom of Information (FOI) request revealed. The FOI obtained by Lambros Photios, the founder of technology services and artificial intelligence (AI) ...

Treasury expects regulators to do the heavy lifting

MATTHEW WAI  |  FRIDAY, 17 JUL 2026
Treasury has released new Statements of Expectations (SoE) for the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC), with an emphasis on how the regulators should promote a more sustainable ...

ASFA strengthens cyber security with new hire

MATTHEW WAI  |  WEDNESDAY, 8 JUL 2026
The Association of Superannuation Funds of Australia (ASFA) has named its head of cyber and financial crime, bringing relevant experience from a super fund. Michael Collins has joined ASFA, stepping into the role with over 20 years of experience in ...

ASIC cancels AFSL of Capital Guard over fake bond sale

ELIZA BAVIN  |  FRIDAY, 3 JUL 2026
... not exist; made misleading or deceptive statements on its website, including misrepresenting its experience and altering scam warnings about it that were issued by third parties; and provided false documents to an auditor, amounting to dishonest conduct. ...

HSBC Bank fined $35m in landmark scam-protection failures

KARREN VERGARA  |  FRIDAY, 19 JUN 2026
... the ePayments Code were widespread and systemic. She also found HSBC's breaches to be serious, noting that while some scam controls were implemented, critical safeguards were not applied to the bank's internal payment system, where the majority ...

ASIC moves to strengthen defences against financial scams

VINNY VUCAGO  |  WEDNESDAY, 17 JUN 2026
... licensees are collected, Australians will be able to more easily distinguish a genuine financial services website from a scam or imposter website by checking against website addresses listed on ASIC's register," said Kirkland. "It will also support businesses ...

ASFA joins Finance Industry Council of Australia

VINNY VUCAGO  |  TUESDAY, 19 MAY 2026
... system are being discussed," she said. Delahunty noted current priorities included the Compensation Scheme of Last Resort, scam and fraud protections, and regulatory simplification with ASFA aiming to ensure superannuation perspectives are reflected ...