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ASIC warns of ‘shadow shop’ scam

***Updated*** Members of the public have been urged to be wary of cold-callers claiming to be conducting shadow shopping exercises for ASIC.

In a statement, the corporate regulator said scammers are calling members of the public falsely claiming to be on the hunt for shadow shoppers for an ASIC compliance and monitoring campaign.

“The scam maintains that it will pay you for your time and may encourage you to meet in person or attend a presentation after which you will receive a questionnaire to complete,” the statement said.

“ASIC urges anyone who receives contact in these circumstances or is referred to this website to not respond.”

The corporate regulator does engage in consumer research through shadow shopping and other techniques, but only does so through “accredited market research companies”, the statement said.

The website for the group referenced in ASIC's original release has been updated since the time of publication to specify that it is "not recruiting on behalf of ASIC".

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ASIC warns of ‘shadow shop’ scam
ASIC, shadow shop, scam, finance scam, cold calling, shadow shopper, compliance,
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