ASIC targets financial abuse in Initial Nations communities | Australian Broker Information
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ASIC targets financial abuse in First Nations communities
Shielding vulnerable customers
ASIC has launched a brand new abstract doc detailing strategies for pinpointing and aiding To begin with Nations buyers who’re affected by or are at likelihood of economic abuse.
The initiative follows a digital workshop held on March 14.
Workshop insights and ambitions
During the March workshop, which concerned many monetary suppliers enterprise reps, discussions centered on community-led choices that would assist steerage vulnerable customers.
“The workshop introduced context on the unique cultural conditions and encounters of Initial Nations buyers, and highlighted choices for enhancements all through quite a lot of fiscal firm suppliers to make sure First Nations buyers impacted by money abuse are correctly and sensitively supported,” ASIC defined in a media launch.
Upcoming initiatives
ASIC has launched choices to proceed these efforts with yet another workshop scheduled for June. This session will consider simplest apply engagement strategies for Initially Nations people and communities, aiming to foster a deeper understanding and much more useful help mechanisms contained in the financial suppliers sector.
Ongoing engagement and sources
These workshops are a piece of ASIC’s ongoing dedication beneath its Indigenous Monetary Providers Framework to strengthen financial corporations for Indigenous Australians.
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