NZ Herald
NZ banks announce update on fight against scammers, crackdown on ‘mule’ accounts
20/12/2023
“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.”
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TVNZ
Banks join forces to fight scammers
18/12/2023
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.”
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NZ Adviser
Banks under pressure to roll out anti-scam initiatives
24/11/2023
Amid increasing pressure to combat scams and fraud against bank customers, the New Zealand Banking Association has announced that it will provide an update in mid-December on the industry’s commitment to implementing its measures.
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Interest.co.nz
Banks’ moves to introduce confirmation of payee service awaited as fintech Akahu moves ahead
24/11/2023
Bank lobby group the New Zealand Banking Association says it’ll provide an update in mid-December on the industry’s commitment, made in September, to a range of measures designed to combat scams and frauds being committed against bank customers.
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NZ Adviser
Stay safe on Black Friday – NZBA
24/11/2023
“It’s worth taking a moment to check who you’re dealing with online before parting with your money and your personal information.”
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Newshub
Auckland Transport prepares for Black Friday traffic after Newmarket chaos
23/11/2023
The Banking Association has released advice for online shoppers, urging people to go with trusted retailers. And there’s the adage – if it seems too good to be true, it probably is.
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NZ Herald
Black Friday deals in the Bay of Plenty: What local shops and big retailers have on offer
23/11/2023
While grabbing a bargain online was exciting, New Zealand Banking Association chief executive Roger Beaumont advised shoppers to “take a sec to check”. He said scammers used this time of year and shopping events such as Black Friday to target unsuspecting customers, especially online and through deals that seem “too good to be true”.
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NZ Herald
Black Friday sales NZ: How to dodge the scammers
23/11/2023
The New Zealand Banking Association said Black Friday ads and sales pitches should be closely scrutinised.
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NZ Herald
Bank scams: MBIE, bank survey says $198m lost to scammers
13/11/2023
“Scams go much wider than our industry, affecting government agencies, telcos, social media companies, and internet service providers. An anti-scam centre would provide a centralised and co-ordinated multi-sector approach to fighting scams from a New Zealand-wide perspective,” Beaumont said.
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Interest.co.nz
Reforming the controversial Credit Contracts & Consumer Finance Act could turn out to be more complex than hoped by its critics
26/10/2023
“Without retrospective change, there is a real risk that a minor error in disclosure, which has no borrower impact and does not reflect irresponsible or poor lending practices, will have serious consequences,” the NZBA submission said.
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