Banks accelerate crackdown on ‘mule’ scammers

New technology means retail banks can more quickly identify and share details about “mule” accounts. (Image: Getty)

Mon, 17 Nov 2025

New Zealand banks are implementing new fraud intelligence technology that will help crack down more swiftly on scammers using “mule” accounts to shift stolen money.The technology means retail banks can more quickly identify and share details about mule accounts, the NZ Banking Association (NZBA) and GetVerified said in separate statements.The fraud intelligence exchange (Fix) technology comprises an ecosystem of up to 13 banks, secure tools for data sharing, as well as standards and reporting. It was launched in September.So-called...

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