As financial scams surge worldwide, Australia has taken a bold, whole-of-ecosystem approach to tackling the crisis—proving that real change is possible. In just one year, Australian banks, regulators, and technology providers have implemented groundbreaking anti-scam initiatives, reducing fraud, strengthening intelligence sharing, and setting a new global benchmark for scam prevention.
This white paper explores Australia’s unique approach to combating financial scams, highlighting the power of collaboration, innovation, and leadership. It showcases what can be achieved in just 12 months of focused effort and offers key lessons for other nations looking to build a safer and more resilient financial ecosystem.