The Canadian Bankers Association published a comparative analysis of fraud-prevention approaches in Australia, the United States and the United Kingdom, presenting it as a source of lessons for Canada’s own anti-scam efforts. The article concludes that Australia’s centralized, cross-sector model has shown the clearest measured results, with reported scam losses falling from AU$3.1 billion in 2022 to AU$2.2 billion in 2025. By contrast, it describes the United States as expanding digital platform accountability and federal action against cyber-enabled fraud, while the United Kingdom continues to rely on a rules-based framework for payment service providers even as overall fraud and authorised push payment losses increased in 2025. Australia’s model is described as centering on the National Anti-Scam Centre within the Australian Competition and Consumer Commission, combining shared reporting, short-term public-private fusion cells, mandatory industry codes under development for banks, telecoms and digital platforms, and public alerts through Scamwatch. For the United States, the analysis highlights the proposed Safeguarding Consumers from Advertising Misconduct Act, which would require stronger advertiser verification and faster removal of fraudulent ads, alongside a March 2026 executive order directing federal agencies to strengthen enforcement, intelligence sharing and international cooperation against transnational scam networks. For the United Kingdom, it points to Payment Systems Regulator expectations on authentication, transaction monitoring, data sharing and customer warnings, backed by broader coordination through bodies such as the Joint Fraud Taskforce and newer measures including the Fraud Strategy 2026–2029 and the failure to prevent fraud offence for large organizations. The article says these international models could help shape Canada’s ongoing fraud-prevention work. It particularly points to the case for national coordination across government, financial institutions, telecommunications providers and digital platforms, combined with technology-enabled detection and consumer education.
Canadian Bankers Association2026-06-17
Canadian Bankers Association compares anti-scam frameworks and highlights Australia’s coordinated model as reducing losses to AU$2.2 billion
The Canadian Bankers Association published a review of anti-scam frameworks in Australia, the United States and the United Kingdom to inform Canada’s fraud-prevention efforts. It identifies Australia’s centralized, cross-sector model as the only approach in the comparison to show a stated reduction in scam losses, while the US is pursuing platform-accountability and cybercrime measures and the UK is relying on payment-sector rules and coordination despite rising losses.