Australian Competition And Consumer Commission News

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ACCC to sweep the Internet targeting greenwashing

News | Ecommerce | 06 Oct 2022

The Australian Competition and Consumer Commission (ACCC) is set to organise ‘Internet sweeps’ to identify companies that make false environmental and sustainability claims, also called greenwashing.

green finance, ecommerce, ecommerce platform, online shopping, online platform, regulation, regulatory sandbox

ACCC approves Woolworths acquisition of MyDeal

News | Ecommerce | 15 Aug 2022

The Australian Competition and Consumer Commission (ACCC) has announced it does not oppose Woolworths’ proposed acquisition of MyDeal, following an extensive review to prevent monopole in the industry. 

acquisition, expansion, online shopping, shopping, ecommerce, ecommerce platform, COVID-19

ACCC rolls out tool for Consumer Data Right transformation

News | Online & Mobile Banking | 22 Jul 2022

The Australian Competition and Consumer Commission (ACCC) has rolled out a free tool to help organisations prepare for Australia’s Consumer Data Right legislation, according to CMO.

 

CDR, Open Banking, regulatory sandbox

Payment redirection scams mounted to USD 227 million in 2021: ACCC report

News | Digital Identity, Security & Online Fraud | 08 Jul 2022

The Australian Competition and Consumer Commission’s has published its 'Targeting Scams' report, stating a 77% increase in payment redirection scams compared to 2020.

scam, report, fraud prevention, cybercrime, ransomware

Australians lose AUD 2 bln to fraud in 2021

News | Digital Identity, Security & Online Fraud | 08 Jul 2022

The Australian Competition and Consumer Commission (ACCC) has released its annual Targeting Scams report, highlighting that Australian consumers and businesses lost over AUD 2 billion to scams and fraud.

scam, fraud management, fraud detection, online fraud, identity fraud, COVID-19, payment fraud, report

ACCC issues infringement notice to BOQ for CDR failings

News | Online & Mobile Banking | 08 Jul 2022

The Australian Competition and Consumer Commission (ACCC) has issued an infringement notice to the Bank of Queensland (BOQ) – believed to be around USD 132,000 – for allegedly failing to meet its Open Banking compliance obligations, according to Mortgage Business.

 

Open Banking, regulation