Scams

ASIC takes a multi-faceted approach to combatting scams.

ASIC is committed to protecting Australians from the harmful impact of scams by taking proactive steps to disrupt scam activities, collaborating with government and industry, promoting education and awareness initiatives and taking targeted enforcement action.

Our work in this area includes:

• reducing the incidence of investment scams through innovative disruption methods, including coordinating the removal of investment scam websites and scam advertisements on social media
• increasing consumer and investor scams awareness through investment scam alerts and guidance, including on our Moneysmart website
• promoting effective anti-scam practices among ASIC’s regulated population, by reviewing practices and providing guidance to industry
• supporting the development of scams-related law reforms as they pertain to industries regulated by ASIC, and
• acting against offending companies, directors and other financial services scam enablers.

We are one of several Australian regulators whose work forms part of the whole-of-government national anti‑scam agenda.

We support the work of the Government, the Australian Competition and Consumer Commission’s National Anti-Scam Centre (NASC) and other regulators and agencies, including through the International Organization of Securities Commissions (IOSCO) Asia Pacific Regional Committee (APRC).

Report all scams to Scamwatch

Visit Moneysmart for more information about reporting investment scams.