Month: December 2023

Anti-scam centre to be established to capture scams and frauds

The New Zealand Banking Association said banks are often involved in a chain of events that make up a scam, noting an approach that involves multiple sectors could improve the protection of customers against scams.

NZ banks announce update on fight against scammers, crackdown on ‘mule’ accounts

“The first phase of work is now live and is focused on sharing additional information to help identify and reduce fraudulent payments to mule accounts. Banks were already sharing some information on money mules, but the new phase of work will increase the speed and amount of information being shared.”

Banks progress anti-scam initiatives

Work towards establishing a national Anti-Scam Centre to further fight fraud and scams is progressing as retail banks make it harder for criminals to target New Zealanders. New Zealand Banking Association chief executive Roger Beaumont says: “Banks are often at the end of a chain of events that makes up a scam and we know… Read more »

Banks join forces to fight scammers

New Zealand Banks Association chief executive officer Roger Beaumont told 1News the scams are essentially “digital ram-raids” but he can’t reveal too much about the banks’ collaboration effort. “We can’t go into too much detail because we don’t want to give the scammers too much information, but key information can be shared between banks.”