Expert Taskforce to Tackle Growing ‘Scamdemic’ in Australia

Expert Taskforce to Tackle Growing ‘Scamdemic’ in Australia
A woman checks her mobile phone at her house in Cali, Colombia on Sept. 22, 2019. Luis Robayo/AFP via Getty Images
Rebecca Zhu
Updated:

Australia will launch a temporary task force known as a “fusion cell” to combat the growing issue of investment scams.

Led by the competition watchdog, the Australian Competition and Consumer Commission (ACCC), and the financial services regulator, the Australian Securities and Investments Commission (ASIC), the fusion cell will draw experts from both public and private sectors to minimise losses.

Related Topics