The National Anti-Scams Centre includes experts from the government, law enforcement and private sector.
The so-called "fusion cell" will be coordinated by a new National Anti-Scam Centre and identify ways to disrupt investment scams and minimise scam losses.Investment cons are responsible for around half of the $1 billion in total scam losses suffered by Australians each year.The investment scam unit will operate for six months initially and report to the anti-scam centre launched by Assistant Treasurer Stephen Jones in Melbourne on Monday.
ACCC Deputy Chair Catriona Lowe said investment swindles are the most reported scams and cause emotional devastation for victims."This additional level of co-ordination and focus across government and relevant industries will target investment scam activity more effectively and help prevent further losses to these scams," Ms Lowe said.