Financial Scams See Spike Since Beginning of Pandemic

The Financial Markets Authority (FMA) has warned New Zealanders about three types of scams that have become more common since the start of the COVID-19 pandemic.

FMA recorded 158 complaints about investment scams and fraud for the first half of 2020 - a 79% increase year over year. From January to June, the regulator issued 36 public warnings about suspected scams and other non-compliant entities - up 29% from the same period last year.

Read the full article: Insurance Business NZ