News

As essential services, Australia’s banks have focussed, throughout the COVID-19 pandemic, on keeping their staff and customers safe.

‘‘We expect eQR will quickly become the QR equivalent of Eftpos tap and pay on debit cards”

Consumer complaints about the four major banks fell 7 per cent in 2020-21.

On 23 September, ABA CEO Anna Bligh hosted Detective Superintendent Matt Craft, Commander of the Cybercrime Squad, and Dr David Lacey, Managing Director of IDCARE.

“it is happening to young people to old people, the people in remote areas of Australia, to people in cities, scammers will just keep trying to get in to any account that they can.”

“A high level of debt could pose risks to the economy in the event of a shock to household incomes or a sharp decline in housing prices. It is these macro-financial risks that warrant close watching.”

“Scammers don’t target one group over another, they target all people of all backgrounds, ages and income levels across Australia.”

Join two of Australia’s most prominent cybercrime authorities to hear about the types of scams that are on the rise and how to reclaim your identity, should it be stolen.

TFF Assessed, Small Business and COVID, Climate Change Risks to Australian Banks and more.

More than 57,000 customers have received hardship assistance during recent lockdowns across Australia.

Overall, the results showed an improvement on previous BCCC mystery shopping exercises, with 71% of interactions indicating a bank would comply. In November 2018, the industry compliance rate was 44%.

Most suspected ML/TF activity involves retail banking products and services, particularly those that facilitate cash transactions or rapid transfer of funds domestically or internationally.