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About the partners

This website provides information for the public about how you can protect your financial identity in everyday life and minimise the damage if a problem occurs.

This website has been developed by the Australian Bankers’ Association, the Australian High Tech Crime Centre and the Australian Securities and Investments Commission. Read about how they work to reduce the incidence of this crime.

Australian Bankers' Association

The Australian Bankers’ Association (ABA) works with its members to provide analysis, advice and advocacy and contributes to the development of public policy on banking and other financial services. The ABA works to ensure the banking system can continue to deliver the benefits of competition to Australian banking customers.

Banks also work closely with other organisations such as the Australian Crime Commission and the anti-money laundering regulator, AUSTRAC. They also work closely with the State and Federal police assisting in investigating crime perpetrated against bank customers.

In March 2005, the ABA, its member banks and the Australian High Tech Crime Centre (AHTCC), hosted by the Australian Federal Police (AFP), began working together to develop practical ways consumers could protect themselves and reduce risks of fraud perpetrated by criminals over the Internet.

Their efforts to date have involved a national advertising campaign, free fact sheets available online or by free call and the development of this website, together with the Australian Securities and Investments Commission and the Australian High Tech Crime Centre, dedicated to the reduction of financial identity theft.

Australian High Tech Crime Centre

The role of the Australian High Tech Crime Centre (AHTCC) is to provide a national coordinated approach to combating serious, complex and/or multi-jurisdictional high tech crimes.

The AHTCC fulfils this role by providing the following functions:

  • coordination of high tech crime matters between Australian law enforcement agencies, Federal Government agencies and international agencies 
  • investigation of matters either by the AHTCC or through cooperation or referral to a partner agency 
  • intelligence services that contribute to a better understanding of the high tech crime environment for the AHTCC, partner agencies, and the wider community through alerts and advisories
  • liaison with Government agencies, industry groups, businesses and other organisations on high tech crime matters, including technical, investigative, business and policy

Knowledge of high tech crime issues such as preventative measures, best practice investigative tools and techniques, expert advice, training and education.

Australian Securities and Investments Commission (ASIC)

The Australian Securities and Investments Commission (ASIC) is the national consumer protection regulator for financial services. ASIC regulates and enforces laws that promote honesty and fairness in financial products and services, in financial markets and in Australian companies.

An important part of ASIC’s role is to promote the confident and informed participation of consumers in the financial system. It strives to do this by:

  • ensuring that consumers receive adequate and appropriate information to make informed decisions about financial products and services;
  • maintaining a vigilant oversight of the marketplace to proactively identify, stop and deter misleading and fraudulent conduct;
  • ensuring that consumers have access to appropriate redress systems when things do go wrong;
  • adopting a flexible approach to regulation to ensure that unnecessary impediments to business are removed where consumer protection goals are not compromised; and
  • applying the knowledge and experience we acquire as the regulator to consumer education initiatives and policy debates so as to improve the system of consumer protection across the regulatory spectrum - from self-regulation initiatives to legislation;
  • providing accurate and impartial consumer information and education, including warnings about financial scams and rip-offs.

FIDO is ASIC’s consumer website at: www.fido.gov.au

     

IMPORTANT NOTE

This website gives information of a general nature and is not intended to be relied on by readers as advice in any particular matter. We suggest that you consult your financial planner on how this information may apply to your own circumstances.