Finance Magnates: Australia’s financial watchdog is seeking a technology partner for a 5-year initiative to combat fraud

Australia’s financial regulator is seeking a tech partner for a five-year contract to tackle fraudulent websites targeting investors with the current deal ending in June 2025. The initiative supports the government’s “Fighting Scams” campaign focusing on fake investment platforms and crypto scams. Since July 2023, ASIC has removed over 7300 scam websites as investment fraud losses in Australia hit US $1.3 billion in 2023…