- Stop and Think: is this for real? That’s the message for Fraud Awareness Week 2018 and the New Zealand Bankers’ Association is urging people to do just that. “Fraudsters are always coming up with new ways to steal our money. They trick people into handing over personal information. Once they have your bank account details... Read more »
- The New Zealand Bankers’ Association acknowledges a major report into bank conduct and culture released by the Financial Markets Authority and the Reserve Bank today, and accepts all their recommendations. “We are pleased the review found no evidence of widespread misconduct and culture issues across the industry here,” says New Zealand Bankers’ Association acting chief... Read more »
- As part of Cyber Smart Week the New Zealand Bankers’ Association is reminding people to get two-factor authentication to help protect themselves and their money when banking online. “Protecting your PINs and passwords is a good way of keeping your banking safe. Using two-factor authentication, or 2FA, is another way to fight financial crime,” says... Read more »
- Three things you can do to weather a financial shock are: Having savings in place in case of an emergency Having insurance in place to protect yourself and your property Having wills and enduring powers of attorney in place to manage your money if you can’t. That’s the message from the New Zealand Bankers’ Association... Read more »
- If you’d like to get the most out of your banking and manage your money better, it might pay to check out the Smarter Banking guide launched by the New Zealand Bankers’ Association today. “The guide provides practical information for customers about their everyday banking. It’s also intended to complement the recently revised Code of... Read more »
- Some New Zealanders are having their bank accounts frozen because of OECD regulations reflected in New Zealand law, which requires banks to comply. “If your bank has asked you about your foreign tax status, you should respond as soon as possible, regardless of your tax status,” says New Zealand Bankers’ Association deputy chief executive Antony... Read more »
- If you see, or are aware of, any signs of financial elder abuse then it’s important you call for help. That is the key message from the New Zealand Bankers’ Association as Elder Abuse Awareness Week is launched today. “Financial elder abuse can include everything from illegal or wrongful use of older people’s money, their... Read more »
- New Zealand banks are reminding customers who have been asked about their foreign tax status that they need to respond to their bank as soon as possible. International regulations, reflected in New Zealand law, require New Zealand banks to undertake due diligence on the foreign tax status of their customers and provide relevant related information... Read more »
- The New Zealand Bankers’ Association (NZBA) has launched a new edition of the Code of Banking Practice aimed at giving all customers a good banking experience. It sets out clearly what you can expect from your bank, and comes into effect on 1 June 2018. New Zealand Bankers’ Association deputy chief executive Antony Buick-Constable says,... Read more »
- Last night the Bankers’ Association responded to calls from the Reserve Bank and the Financial Markets Authority (FMA) to provide them with evidence of how New Zealand’s banking culture and conduct is different from what has been revealed by the Australian Royal Commission into financial services industry misconduct. In a letter to the regulators, the... Read more »
