Australian Watchdog ASIC Warns of Scam Emails

The Australian Securities and Investments Commission (ASIC ASIC The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the The Australian Securities and Investments Commission (ASIC) is the prime regulator in Australia for corporate, markets, financial services, and consumer credit. It is empowered under the financial service laws to facilitate, regulate, and enforce Australian financial laws. The Australian Commission was set up and is administered under the Australian Securities and Investment Commission Act of 2001. ASIC was initially the Australian Securities Commission based on the 1989 ASC Act. Initially, the Read this Term) today published a statement warning the public to be vigilant of scam emails purporting to be from ASIC.

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It has been brought to ASIC’s attention that some customers have received emails containing attachments or links to fake invoices. Fake emails may look different to ASIC emails and generally instruct the recipient to click a link to make a payment or download an invoice.

Scammers also use viruses, spyware or malware programs to access or steal personal information.

ASIC Commissioner John Price said: “Scam emails often appear at busy times of the year such as holiday and tax time, when it's easy to overlook something suspicious.”

The Australian watchdog has urged the public to be cautious and to implement measures to protect themselves online, including keeping anti-virus, malware and spyware protection software and firewalls up-to-date and to be sure that email attachments are scanned with security software before opening them, especially if they are executable (.exe) files or zip (.zip) files. These files are more likely to contain malware or ransomware viruses.

Financial Services Regulation Regulation Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Like any other industry with a high net worth, the financial services industry is tightly regulated to help curb illicit behavior and manipulation. Each asset class has its own set of protocols put in place to combat their respective forms of abuse.In the foreign exchange space, regulation is assumed by authorities in multiple jurisdictions, though ultimately lacking a binding international order. Who are the Industry’s Leading Regulators?Regulators such as the UK’s Financial Conduct Authority ( Read this Term

ASIC is Australia’s corporate, market and financial services regulator. Its role is to enforce and regulate company and financial services laws in order to protect Australian consumers, investors and creditors. Its latest advice is part of the watchdog's ongoing efforts to protect the public against the risk of potential scams and money falling into unscrupulous hands.