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flag New Zealand banks roll out new anti-scam measures, including compensation up to $500,000.

flag New Zealand banks are introducing new measures to protect customers from scams, including pre-transaction warnings, confirmation of payee services, and a 24/7 reporting channel. flag Banks will compensate customers for scam losses, up to $500,000, under the updated Code of Banking Practice, set to launch on November 30, 2025. flag The measures aim to strengthen security and encourage a cross-industry, government collaboration to combat fraud.

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