Finance in Focus Portal
Change to conditions of AFCA’s authorisation as ombudsman service
Assistant Treasurer and Minister for Financial Services Stephen Jones has announced a new ministerial direction which will enable the Australian Financial Complaints Authority to investigate culpability of the receiving bank on behalf of a scam victim.
NASC: Targeting Scams Report
The National Anti-Scam Centre’s latest Targeting Scams Report– which combines data from Scamwatch, ReportCyber, the Australian Financial Crimes Exchange, IDCARE and Australian Securities and Investments Commission – has found scam losses reported to key organisations fell by 25.9 per cent to $2b in 2024.