An AFSL Number Is Not Enough – Always Do Your Due Diligence
Investment scams and financial impersonation are becoming increasingly sophisticated. Criminals can misuse the names, corporate details and Australian Financial Services Licence (AFSL) numbers of legitimate businesses to deceive unsuspecting investors.
Simply checking that a company has a valid AFSL number is not enough. Genuine due diligence means taking your time to investigate the business, independently contacting the company using verified contact details, speaking directly with its representatives and confirming that the person offering the investment is genuinely authorised to act on its behalf.
Never rely solely on websites, documents, emails or telephone numbers provided by someone seeking your investment. Verify information independently, ask questions and never feel pressured into transferring money.
Remember: A legitimate AFSL number does not make a fraudulent investment offer legitimate. Taking the time to investigate before investing could save you from significant financial loss.
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