fraud

Mortgage brokers have backed calls for a National Economic Crime Strategy as the industry grapples with increasingly sophisticated forms of mortgage fraud.

A damning new report has shone a light on the growing issue of multifaceted and complex loan-seeker fraud in the domestic mortgage market.

Helen Mary Rosamond has been sentenced to a total of 15 years’ imprisonment after being found guilty of defrauding NAB of millions in an enterprise “breathtaking in its audacity”.

As fraud concerns grow across the broking industry, new data from the Australian Bureau of Statistics has found that one in seven Australians has experienced personal fraud.

The major bank has warned Australians to be on the lookout for scams leading up to the summer holidays after a rise in fraud calls.

Further arrests have been made surrounding an alleged multimillion-dollar fraud and money laundering syndicate under the NSW Police’s Strike Force Myddleton.

A major bank says using AI can help fight fraud and enhance customer experience. 

Sophisticated document fraud is increasingly difficult to detect in SME lending.

Arca has released new guidance encouraging credit providers to take a more streamlined approach when handling requests to correct fraudulent credit inquiries.

Major banks have presented a united case for customer-consented ATO data sharing through the Consumer Data Right, saying the reform is needed to combat increasingly sophisticated AI-powered ...

AUSTRAC has partnered with a UK counterpart to fight fraud, the financial intelligence agency has announced.

Australia’s banking associations have renewed calls for ATO data to be made available through the Consumer Data Right, following AUSTRAC’s discovery of “potentially hundreds of millions” of ...

Financial Crime Squad detectives have charged an ex-Hai Money broker and a former banker over an alleged multimillion-dollar fraud and money laundering syndicate.

While recent reports of large-scale fraud have raised concerns about a surge in misconduct, aggregator Connective says its data tells a different story.

Mortgage brokers are being urged to strengthen documentation and verification processes as regulators examine a potential $1 billion mortgage fraud issue involving the Commonwealth Bank of ...