Jun 28, 2026 – 8.00pmThe country’s biggest lenders and tax authorities are working on a register to record the names of mortgage brokers engaging in dodgy behaviour as the banking industry ramps up efforts to stamp out swelling levels of fraudulent home loan applications.The Australian Financial Crimes Exchange, which co-ordinates intelligence and the investigation of financial crimes, is in the advanced stages of establishing the broker portal, said people with knowledge of the work who requested anonymity as they were not authorised to comment.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Big banks, tax office work up register of bad mortgage brokers
The portal will share reports of suspicious behaviour across the industry. It may also be extended to bank employees found doing the wrong thing.
TL;DRAI
Australian Financial Crimes Exchange launches broker register to track mortgage fraud, addressing swelling fraudulent loan applications. Enhanced compliance framework signals banking sector's commitment to risk mitigation and stricter third-party vetting.
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