Australian financial regulator warns of sharp rise in AI scams
( August 17, 2026, 02:54 GMT | Official Statement) -- MLex Summary: The Australian Securities & Investments Commission on Monday warned that scammers are increasingly using generative artificial intelligence and deepfake videos to create convincing investment scams, often impersonating prominent Australians. The watchdog said it removed more than 19,400 online scams in the last financial year, up 182 percent from the previous year. The regulator urged consumers to independently verify investment providers and details on Australian Financial Services licenses.Statement follows....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.