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Circles.Life Fined over Identity Checking Failures During Mobile Porting
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Circles.Life Hit with Record $413,000 Fine for Identity Verification Failures in Australia
Australian telecommunications provider Circles.Life has been fined $413,000 by the Australian Communications and Media Authority (ACMA) for breaching identity verification regulations, marking the highest penalty ever imposed by ACMA for anti-scam requirement violations. The enforcement action comes amid a dramatic surge in SIM swap and phone porting scams, which have increased by 160 percent over the past year. An ACMA investigation determined …
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