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Showing posts with label Banking regulations. Show all posts
Showing posts with label Banking regulations. Show all posts

Monday, April 8, 2024

Ross Meurant: NZ AAP Fraud Scam Enables International Money Laundering

Have New Zealand Banks unwittingly become “Enablers” of international money laundering?

Devoid of any form of criminal intent, have banking service providers become silent participants in fraud scams?

Moving from mere banking repositories to Behemoths facilitating a broad range of banking, financial and insurance services, APP fraud has become symptomatic of the frailties directly attributable to electronic transfers.