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Showing 1 - 10 of 272 results for "scam"

Scams and governance failures dominate tip-offs to ASIC

RIDDHIMA TALWANI  |  THURSDAY, 3 SEP 2026
The corporate watchdog received around 9800 tip-offs of misconduct from the public in the first six months of the year. Retail investor issues and governance matters continued to dominate reports received by ASIC, which together accounted for over four ...

AFCA consults on rule changes under upcoming scam framework

MATTHEW WAI  |  TUESDAY, 1 SEP 2026
The Australian Financial Complaints Authority (AFCA) is seeking feedback on proposed changes to consider scam-related complaints under the Scam Prevention Framework (SPF) that will come into effect early next year. The government passed the Scams Prevention ...

ASIC warns investors over Yepbit platform

VINNY VUCAGO  |  THURSDAY, 13 AUG 2026
ASIC has warned investors against dealing with Yepbit and Yepbit Exchange after receiving reports customers have been unable to withdraw funds from the purported digital assets and futures trading platform. Yepbit claims to operate globally, including ...

SMC questions SCA's 'mystery caller' report

RIDDHIMA TALWANI  |  WEDNESDAY, 5 AUG 2026
The Super Members Council (SMC) has raised questions on the research methodology of the recently published Superannuation Call Centre Experience Report by Super Consumers Australia (SCA). The data within the report was based on 1000 customer telephone ...

Advice complaints see biggest increase in FY26: AFCA

MATTHEW WAI  |  TUESDAY, 4 AUG 2026
... most common issues. Rejection of claim complaints increased a whopping 82% compared with the previous year, AFCA said, while scam complaints rose 12% to 6706 following a decline the previous year. Jenkins believes the numbers reflect the continued threat ...

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 ...
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