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White collar fraud to be targeted more aggressively

March 8, 2012 - 5:39pm

White collar fraud in New Zealand is to be targeted more aggressively.

The Serious Fraud Office is to work more closely with the New Zealand Police and the Financial Markets Authority to investigate financial crimes.

Fraud office chief executive Adam Feeley has told Parliament it is hoped deeper ties would enable his Office to get out and find more cases earlier.

There were 46 Serious Fraud Office investigations in the last financial year, 21of which were related to suspected fraud.

Twenty eight cases had been prosecuted by June last year.