Other Concepts

Question 1

Types of deception offences

Answer 1

Cyber enabled fraud
Identity theft
Insurance fraud
Postal scams
Credit card offences
Company fraud (employee, external, commercial, abuse of trust)

Question 2

External agencies

Answer 2

Serious Fraud Office (SFO)

Ministry of Business, Innovation and Employment (MBIE)

Financial Markets Authority (FMA)

NZ Customs

Question 3

Internal workgroups

Answer 3

Financial Crime Units (FCUs)

Financial Crime Group (FCG) - Money Laundering Team (MLT), Asset Recovery Unit (ARU, which includes the Virtual Asset Team VAT), Financial Intelligence Unit (FIU)

Question 4

SWIFT

Answer 4

Society for Worldwide Interbank Financial Telecommunications - used for quick, accurate and secure transfer of funds globally. Each institution has own code sometimes known as Bank Identifier Code (BIC)

Question 5

Egmont Group

Answer 5

Group of over 150 FIUs globally, communicate over stand-alone system

Question 6

AML

Answer 6

Anti Money Laundering (program)