Australian Securities & Investments Commission (ASIC) is aware of the existence of a number of fake green bonds. Green bonds are bonds that are used to finance new and existing projects that offer climate change and environmental benefits. They can be purchased by superannuation funds, fund managers, insurance companies and other wholesale entities, but are not directly available to the public.
What to look out for
Before investing, share details including any disclosure document with your bank. This will help them check the legitimacy of the offer before transferring any funds.
For more information about investment scams, and the checks to do before investing, visit ASIC’s Moneysmart website. However, keep in mind that these checks do not guarantee the legitimacy of a product or a company.
Think you have been scammed?
If you need someone to talk to, contact:
If you are experiencing problems with debt, contact:
Source: © Australian Securities & Investments Commission. Reproduced with permission.
ASIC is Australia’s integrated corporate, markets, financial services and consumer credit regulator.
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