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If you’re looking to invest money, make sure you’re aware of the warning signs of investment scams online so you don’t lose your hard earned money.

Investment scammers may offer high and quick returns or sometimes tax-free benefits, or pressure you to make a quick decision so you don’t miss out on the deal.

Be very wary of approaches where the person says they do not have an Australian financial services (AFS) licence or say they don't need one. Head to Moneysmart for more tips on how to protect yourself from investment scams.