Two investment scam victims due to receive nearly $300,000 in compensation from BNZ have been knocked back in their bid for a full refund of their lost.
Two victims who lost $430,000 in a Citibank-branded investment scam claimed BNZ failed to detect warning signs of the fraud and should compensate them for.
The banking sector has announced a raft of new measures to fight fraud and counter the growing scourge of scams.
NZ Banking Association chief executive Ro