Latest from Bank Scams
$162k in cash, almost $400k in equipment seized in scam crackdown last year
Reports of scam texts dropped 62% in 2024 after action by Internal Affairs.
Auckland businessman sacked from Beca, warned to expect jail sentence for role in $2m scam
The South African costings professional had been earning $200k a year plus bonuses.
TSB staff help customer send $1m to scammers
Recorded phone calls capture the moment TSB staff help customer Steven Fan send $1m to scammers.
$450m crypto theft: Assets seized in FBI-led raid on Wellington-based man
Assets include cash, cryptocurrency and high-value goods.
Former Fisher manager David McLeish takes on banks with new savings fund
Former Fisher Funds fund manager David McLeish launches Wedge
‘Dagger through my heart’: JP linked to $1.8m scam unmasked after failed secrecy bid
Suren Sharma allegedly helped criminals steal $1.8m from 12 investment scam victims.
NZ’s biggest bank at bottom of customer satisfaction rankings
The country's biggest bank scored 57% in Consumer NZ’s latest satisfaction ratings.
Sasha Borissenko: Banking on blame - scam reforms too little, too late
OPINION: NZ's scam prevention lags behind global standards - here's why.
'Informed financial decisions': NZ pupils to learn financial skills from next year
Topics will range from identifying need vs want to taxes and insurance.
Woman who received $158k in bank transfer error could face charge, jail time: expert
The money was allegedly used for cars and sent to a boyfriend and a relative.
Banks stepping up their game in tackling scams and emotional conclusion to Podmore inquest
Banks stepping up their game in tackling scams, Winston Peters under sportlight after media comments and emotional conclusion to Podmore inquest.
Better compensation for scam victims from banks
Banks are putting in better compensation for scam victims.
Banks to reimburse fraud victims up to $500,000 under new rules
New tech will identify risky transactions and freeze suspect accounts.
ASB Securities impersonated, scammers suspected of exploiting volatile economy
The fake share traders invite people to connect over WhatsApp, bank says.
Mary Holm: How to weather sharemarket turbulence
OPINION: Knowing when to invest again is impossible so it's better to stay put.
Architectural designer admits money laundering, seeks discharge and permanent suppression
The designer helped scammers steal $235,000 from two investors.
Within days of arriving in NZ, Aussie man helped scam 71yo out of $150k
The reluctant NZ resident wants to make up for the fraud – with volunteer work, not cash.
‘Scammers don’t sleep’: FMA under fire for delayed scam alert after retiree loses $1m
The FMA took 47 days to issue a scam warning, during which a retiree lost $1m.
Watchdog launches probe after ANZ helped victim send $250k to scammers
ANZ refused liability saying there were no indications of fraud or 'red flags'.
‘Negligence to the eyeballs’: Westpac under fire in $2m laundering case
Carel Viljoen laundered nearly $2 million in an investment scam.
The hidden cost of online dating scams in New Zealand
Some scams involved losses over $100,000, including cryptocurrency schemes.
Diana Clement: Why young digital natives are more vulnerable to online scams
Gen Zs are often twice as likely to experience digital security incidents.
NZ banking net profit rises to $7.22b amid economic challenges
Profits were in the middle to upper end when compared with other countries.
‘I make some money out of it’: Interview with a $2m money launderer
A scam victim who lost $1m says: “I’ve failed as a husband to protect my wife".
‘Anxious as s***’: Businessman guilty of money laundering linked to $2m scam
The victims thought they were investing in high interest bonds but lost nearly $1m each.
‘I’ve lost so much’: ANZ under fire for blocking $1m fraud investigation
Consumer NZ says the victim is powerless and something needs to change.
Listen: ‘Appalling on all levels’ – Experts slam ANZ for failing to prevent $250k scam
The victim says ANZ's failures directly contributed to her loss.