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ASFA Financial Crimes Protection Initiative

Working together to protect your members’ savings

ASFA Financial Crimes Protection Initiative

The ASFA Financial Crimes Protection Initiative (FCPI) is a coordinated effort of ASFA members designed to bolster our sector’s defences against the growing threats of financial crime and cybersecurity breaches.

Based on ASFA’s unique cohort of members we are well positioned to lead a coordinated response across funds and critical service providers.  

This initiative follows many meetings with members and interested parties, previous work undertaken in this area and a probable focus for a potential regulatory uplift in 2025. With increasingly sophisticated threats facing the superannuation sector, ASFA’s unique membership base and role in the superannuation industry, the work of FCPI will ensure that our industry will be well placed to advocate good and practical outcomes.  

ASFA will bring together the superannuation sector, relevant government agencies and related bodies in the industry to help keep Australians’ super and data safe.  

 We will provide further information and updates over the coming months. 

Working together to protect your members’ savings

The initiative aims to bolster the resilience of our members against financial crime in the highly interconnected superannuation ecosystem, ensuring continued integrity of the industry and trust by superannuation members.

Our focus areas:

  • Enhance collaboration and knowledge sharing between funds and critical service providers including custodians, administrators and tech providers
  • Develop industry-wide frameworks to combat financial and cybercrime
  • Connect the superannuation sector, relevant government agencies and related financial services bodies
  • Help make Australians aware of the actions they can take to protect their super and data from scammers

Stay informed

In the coming months, ASFA will continue to work closely with members to lead this sector wide initiative.  

For more information about how you can get involved or for further information, please contact membership@superannuation.asn.au.

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