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Showing 71 - 80 of 216 results for "Scam"

OnePath to remediate over pressure selling

ELIZABETH MCARTHUR  |  MONDAY, 12 JUL 2021
... their refund to be paid into their bank account. ASIC is concerned that some consumers offered a refund may think it is a scam.

ASIC looks to tighten crypto ETP oversight

JAMIE WILLIAMSON  |  WEDNESDAY, 30 JUN 2021
ASIC is consulting on how exchange-traded products investing in cryptoassets can meet existing regulatory expectations, with the regulator particularly interested in identifying suitable cryptoassets for such products and ensuring good practice in terms ...

Aussies lose $328m to investment scams

KARREN VERGARA  |  MONDAY, 7 JUN 2021
... opportunities advertised across digital platforms as well as scammers posing as romance interests to 'bait' people into scam investments," the report read. Businesses lost $18 million; a whopping 260% increase compared to 2019. Overall, 444,164 ...

ASIC issues warnings on investment scams

ANNABELLE DICKSON  |  FRIDAY, 14 MAY 2021
... advertisements for crypto-asset and contracts for difference disguised as fake news articles. ASIC has discovered an SMSF scam where individuals have been cold called or emailed to transfer funds from their existing super fund into a new SMSF. In doing ...

Queensland bans Dollarmites

KARREN VERGARA  |  TUESDAY, 27 APR 2021
The Sunshine State is joining Victoria and the nation's capital in banning the Commonwealth Bank's school-banking program. Queensland minister for education Grace Grace announced her department will not renew its agreement with CBA when it ends on 31 ...

Aussies to lose $100m to fraudsters

KARREN VERGARA  |  THURSDAY, 1 APR 2021
... tipped to lose up to $100 million in 2021. This is according to Finbold, which found that investment fraud was the number one scam that prey Australians. Dating and romance scams (23%) were the next most prevalent. False billings (11%) are the third-most ...

Vanguard targeted in bond fund scam

KANIKA SOOD  |  WEDNESDAY, 31 MAR 2021
Vanguard is the latest fund manager to have its branding used by scammers spruiking fraudulent bond funds. The asset manager said scammers are buying advertisements on search engines for terms relating to "bond or high yield investments". When a person ...

Pandemic boosts scam complaints

ANNABELLE DICKSON  |  THURSDAY, 11 MAR 2021
The onset of COVID-19 led to a sharp increase in the number of scam-related financial complaints, according to new data from the Australian Financial Complaints Authority (AFCA). AFCA's half-year statistics revealed scam-related complaints made up 23% ...

Venture capital firm in data breach

KARREN VERGARA  |  WEDNESDAY, 3 MAR 2021
... capital firm that recently won a mandate with the Future Fund is the subject of a cybersecurity breach that involved a phishing scam. Sequoia Capital informed investors last week that sensitive information has been accessed by a third party. The Future ...

AFCA chair under fire

ELIZABETH MCARTHUR  |  THURSDAY, 18 FEB 2021
... the winner and present themselves as financial regulatory authorities. They say they are investigating the people who run a scam about offering winning cars. They walk away from this visit with the person's bank account details." Telford said he ...