Jenée TibshraenyWellington Business Editor·NZ Herald·15 Jun, 2026 03:03 AM3 mins to readNew Zealand Banking Association chief executive Roger Beaumont says scammers could be sitting in Palmerston North or Eastern Europe. Photo / Dean PurcellMore than 5000 New Zealand bank accounts have been used by scammers to transfer stolen funds over the past nine months.These “mule” accounts have been flagged by a new information sharing platform banks are using to detect scams: the Fraud Intelligence Exchange.
According to the New Zealand Banking Association,
