Financial Markets Authority
Catalogue reference · Recorded date: 2023-12-13. Confirm the exact legal entity and current status with the authority.
Open authority reference ↗- Commercial name
- Bank of China – Fake term deposits
- Authority jurisdiction
- New Zealand
- Authority reference
- 64
- Categories
- 1
- Category details
- Unregistered/Unlicensed entity offering financial products or services
- Additional catalogue information
- A scam offering fake term deposits using the name of Bank of China (New Zealand) is targeting New Zealanders. Scammers are sending out highly professional-looking product disclosure statements featuring Bank of China’s name, logo, address and registration details. Bank of China has confirmed it is not connected with these term deposits which offer rates which are slightly higher than what is advertised on their website. People are being contacted by phone after putting details into deposit comparison websites. The FMA continues to warn about the dangers of these comparison websites – they are used by criminals to harvest information. Bank of China (New Zealand) Limited will not make unsolicited investment offers, such as term deposits through phone call or email (although they may email or call you if you have a bank account with them). We recommend investors contact the relevant bank or financial institution through verified channels for confirmation before investing any money. Entity name: Bank of China – Fake term deposits Email: [email protected], [email protected] Phone: 09 951 9530
- Validation date
- 2023-12-13
- Modification date
- 2023-12-13