Investment and Binary Options scams rise in record $340 million 2017 in Australia LeapRate

May 21, 2018 BY LeapRate Staff

Investment and Binary Options scams rise in record $340 million 2017 in Australia

The Australian Competition and Consumer Commission (ACCC) has reported that Australians lost more money to scammers in 2017 than in any other year since the ACCC began reporting on scam activity. According to the ACCC’s ninth annual Targeting scams report released today, more than 200,000 scam reports were submitted to the ACCC, Australian Cybercrime Online Reporting Network…

November 06, 2017 BY LeapRate Staff

Australia consumer watchdog warns of sports investment and betting scams on Melbourne Cup Day

Australia's consumer watchdog Australian Competition and Consumer Commission (ACCC) has issued a warning for 'Punters' to watch out for betting and sports investment scams which falsely promise high odds and big returns on the annual Melbourne Cup Day. Melbourne Cup Day is Australia’s best known horse racing event, held on the first Tuesday of November every…

June 19, 2017 BY Valentina Kirilova

Australia ACCC warns of phishing scams targeting consumers

The Australia Competition and Consumer Commission (ACCC) just warned people to stay alert to ‘phishing’ scammers pretending to be from well-known businesses and government departments trying to con unsuspecting victims out of their personal information and money. So far in 2017, the ACCC’s Scamwatch has received more than 11,000 reports of this scam, with nearly…

December 19, 2016 BY Valentina Kirilova

Beware domain name registration scams

The Australian Competition and Consumer Commission (ACCC) is warning businesses about receiving letters that look like an invoice and state a ‘domain name is available’. A busy office at this time of the year may be a particular target. The letter may be taken to be a renewal notice for an existing domain name. However,…

November 28, 2016 BY Valentina Kirilova

ACCC warns on Centrelink pretenders scams

The Australian Competition and Consumer Commission (ACCC) has warned the community to be aware of phone calls from scammers pretending to be from the Department of Human Services or Centrelink. The ACCC’s Scamwatch has received over 2,200 reports of this scam since January, with more than $27,000 reported lost. Four individuals have reported losses of $1,000…

November 25, 2016 BY Valentina Kirilova

ANZ and ACCC reach settlement over Singapore submissions for Malaysian Ringgit derivatives trading

Commercial banking company Australia and New Zealand Banking Group Limited, commonly called ANZ (ASX:ANZ), has announced it has reached an agreed settlement with the Australian Competition and Consumer Commission (ACCC) in relation to conduct associated with Non-Deliverable Forward FX contracts for the Malaysian Ringgit undertaken in Singapore during 2011. In a Statement of Agreed Facts…

June 02, 2014 BY Gerald Segal

Foreign vs Domestic CFD brokers square off in Australia - the real story

The fight brewing between leading foreign and domestic Australia CFD and FX brokers has less to do with client protection, and more to do with protecting market position.

Tag: ACCC