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ASIC Eyes AI: New Plan to Shield Australians from Financial Scams

Artificial intelligence (AI) may soon assist financial regulators in combating criminals. The Australian Securities and Investments Commission (ASIC) has announced plans to escalate its enforcement activities aimed at protecting consumers and small businesses. This comes in response to a growing prevalence of scams, digitally-enabled misconduct, and predatory lending practices in Australia. In addition, the regulatory body has presented a new Corporate Plan.ASIC to Fight with Increasing Number o... Read More

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Shield

Australians

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Financial

Scams

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Posted: Aug 28 2023, 07:09

Author Name: financemagnates

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