ASIC’s industry scams reviews and enforcement
ASIC has been renewing our call for industry to strengthen their anti-scam practices. We take targeted enforcement action against offending companies and directors.
Key points:
- ASIC reviews and reports on industry scam practices.
- Good anti-scams hygiene is essential.
- We take action against offending companies, directors and other financial services scam enablers.
ASIC reviews industry scam practices
ASIC regularly reports and comments on scam practices being implemented by industry, including urging prompt action to strengthen anti-scam practices. Collated below are ASIC’s publications regarding industry scam practices.
Maintaining good practices is crucial
Good cybersecurity and anti-scams hygiene is essential to protect you and your customers. Additional guidance is provided by the Australian Signals Directorate's Australian Cyber Security Centre, including:
If your business undertakes email, SMS, or telephone marketing. the Australian Communications and Media Authority (ACMA) provides guidance on how to comply with spam and telemarketing laws: Telemarketing and e-marketing.
If you are a licensee, ensure you are continually considering your licensee obligations more broadly – including the additional obligations that apply if you provide financial services to retail clients: Retail client requirements.
Acting against offending companies, directors and other financial services scam enablers
Collated below are publications about ASIC’s enforcement work that concern action against companies and individuals involved in scams.