Australia has seen a sharp increase in investment scams this year. Text messages have become the most common scam contact mode.
June 8, 2022In one case, approximately $821,000 flowed through one mule bank account controlled by scam operators within a period of six months.
June 2, 2022The Financial Services Council is calling for the introduction of a mandatory code of conduct for digital platforms like Facebook and Google to prevent financial scams.
May 23, 2022The ads contained links to fake media articles containing quotes attributed to public figures endorsing cryptocurrency or money-making schemes.
March 24, 2022Australia’s sovereign wealth fund, Future Fund, is reportedly trying to divest AUD 200 million of holdings in Russian companies.
March 9, 2022One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
March 7, 2022The sale was announced after it became clear from dialogue with federal regulators that "the project could not move ahead”.
February 7, 2022Fortescue Metals Group chairman Andrew Forrest alleges that Facebook broke AML laws by failing to prevent crypto scams from being advertised on its platform.
February 6, 2022Energy-intensive and unregulated, institutional investors are proving reluctant to back the rapidly growing asset class.
November 26, 2021The decision is reportedly based on data security concerns following recent breaches at payment firms and non-compliance by global payment giants with India's data localisation rules.
September 2, 2021