Reporting scams

ASIC acts against scams involving financial products and services. The information you give us about financial scams is important. It helps us catch the operators of shonky schemes and to shut them down.

Who can help?

Scams within ASIC'S powers	Who can help:
Financial products and services promising returns that are too good to be true (including phone investment scams)	ASIC or send an email to ASIC Infoline
Phone investment scams	ASIC or send an email to ASIC Infoline
Pyramid marketing schemes involving a financial product.	ASIC or send an email to ASIC Infoline

Scams outside of ASIC's powers	Who can help:
Money transfer schemes offering you fake jobs or 'working from home' opportunities	SCAMwatch (Australian Competition and Consumer Commission)
'Nigerian' advance fee scams asking for your help to transfer money out of a country	SCAMwatch or QLD Police Online Reporting System (available to all Australians)
Lottery scams, telling you 'out of the blue' that you've won a prize in an international lottery	SCAMwatch
Phishing - fake bank emails asking you for your account details	Contact your legitimate financial institution directly. Do not respond to any contact details in the email itself.
Pyramid marketing schemes not involving a financial product:	Contact your local State office of fair trading, consumer affairs (ASIC website)

How to complain

For complaints involving the following, please visit the ASIC website

for further information:

Companies
Consumer goods and credit, non-financial services, residential tenancy
Prices, competition, unfair market practices, product safety, franchises or advertising
Financial management of banks, other financial institutions, superannuation funds or insurance companies
Your employer, wages and conditions

More information

Getting support if you've been scammed

Nominate a scam for our Pie in the Sky awards

FIDO Website: Printed 03/16/2010