Australia financial regulator ASIC has announced that new data has revealed nearly 3,500 investment scam websites have been knocked out by ASIC’s scam website takedown capability since it was launched in July 2023, as ASIC sharpens its efforts to protect Australians from digitally enabled misconduct.
ASIC’s latest enforcement and regulatory update highlights the regulator’s investment scams disruption work, as well as its focus on surveillance activity to minimise and prevent consumer harm, targeting market integrity, greenwashing and insurance failures and promoting compliance with the law.
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