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Showing 61 - 70 of 256 results for "ACCC"

ASIC warns Indigenous Australians over scams

ANNABELLE DICKSON  |  WEDNESDAY, 19 AUG 2020
... consumers giving out personal details over the phone and email. There were 2767 scam reports from Indigenous consumers to the ACCC's Scamwatch in 2019, a 14% increase from 2018. Despite the increase in reporting scams, there was a 30% decrease in losses ...

ACCC flags dangers of ERS

ELIZABETH MCARTHUR  |  WEDNESDAY, 19 AUG 2020
The Australian Competition and Consumer Commission (ACCC) has told Financial Standard that the nature of superannuation scams is shifting, having seen a 55% increase in cases of identity theft. The ACCC's national scam awareness week this year is focussed ...

Cyber criminals jump on ERS

ELIZA BAVIN  |  TUESDAY, 4 AUG 2020
... Early Release of Superannuation (ERS) and JobKeeper schemes, according to the Australian Competition & Consumer Commission. ACCC chair Rod Simms told the joint committee on COVID-19 criminal activity and law enforcement that over 60% of COVID-19 scams ...

Crypto investment opportunities outright scams: ASIC

ALLY SELBY  |  THURSDAY, 25 JUN 2020
... or dating sites that may direct someone to send them money or invest in cryptocurrencies or forex trading. It comes as the ACCC releases its Targeting Scams 2019 report, which found that Australians lost $126 million to investment schemes in 2019.

Investment scams pry $126m from Aussie hands

ALLY SELBY  |  MONDAY, 22 JUN 2020
... the highest losses ($132 million). This was a 30% increase from 2018, when $489 million was reported lost. Worryingly, the ACCC said only 13% of victims report a scam, suggesting actual figures could be significantly worse. Based on combined data from ...

Open banking accreditation now open

ALLY SELBY  |  WEDNESDAY, 27 MAY 2020
The ACCC has today launched its Consumer Data Right Register and Accreditation Application Platform (RAAP), set to be the "IT backbone" of open banking in Australia. Consumer Data Right gives consumers greater access and control over their data, allowing ...

Open banking to charge on

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
... watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services will be the ...

Super scammers pose as authorities

HARRISON WORLEY  |  FRIDAY, 27 MAR 2020
... authorities, offering to help unaware superannuation members ensure they aren't 'locked out of their account by the new rules'. An ACCC spokesperson told Financial Standard the scams have increased since the government announced Australians suffering ...

JPMorgan admits to withholding ANZ shares

ELIZA BAVIN  |  FRIDAY, 14 FEB 2020
... last year that the banks had decided to restrict share sales "independently", but voluntarily withdrew this statement. The ACCC alleges that the banks made the agreement together after a failed capital raise that led to an oversupply of ANZ shares. ACCC ...

ACCC denies impropriety

ELIZA BAVIN  |  TUESDAY, 11 FEB 2020
The ACCC has denied acting with impropriety in bringing criminal cartel charges against ANZ, Citigroup and Deutsche Bank. The regulator is being questioned after the Commonwealth brought charges against ANZ, Citigroup and Deutsche Bank following the ...