Australian Tax Regulator Warns Against Tax Payment Scams Involving Bitcoin ATMs

Australian Tax Regulator Warns Against Tax Payment Scams Involving Bitcoin ATMs

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Australian Tax Regulator Warns Against Tax Payment Scams Involving Bitcoin ATMs

Scams Involving Bitcoin ATMs  Since 1 July this year, Australians have reported more than 28,000 scam attempts to the ATO, and paid almost $1 million to scammers. Payments through Bitcoin ATMs have now overtaken iTunes vouchers as the most common method of scam payment reported to the ATO.

“Our advice is simple – the ATO will never ask you to make a payment into an ATM or via gift or pre-paid cards such as iTunes and Visa cards, or direct credit to be paid to a personal bank account,”

ATO officials would never demand immediate payment of a debt, use aggressive or rude behaviour, or threaten taxpayers with arrest.

“Since 1 July, we’ve seen almost 6,000 taxpayers give away their personal or financial information to scammers through things like phishing scams,”

“Your identifying information like tax file numbers, bank account numbers or your date of birth are the keys to your identity, and can be used by scammers to break into your life if they are compromised.

“Scammers have been known to impersonate tax agents too it’s recommended that you hang up and call your agent direct on a number you have sourced independently,”

Top five scammer signs  Scams Involving Bitcoin ATMs

  • Scammers are often aggressive or abusive
  • They will often threaten you with immediate arrest
  • They request payment via unusual methods such as iTunes gift cards or other prepaid cards
  • They request personal security information such as your tax file number (TFN) or bank details via email or SMS or social media sites

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