NewZealand's financial markets watchdog has joined a newly formed alliance aimedat tackling the country's growing scam problem, as regulators ramp up effortsto protect investors from fraudulent schemes.New Zealand FinancialRegulator Joins Anti-Scam AllianceTheFinancial Markets Authority (FMA) announced its participation in the NewZealand Anti-Scam Alliance, a joint operational partnership that bringstogether multiple agencies to coordinate responses to scam activity. The movecomes as the FMA reports issuing110 new warnings about suspicious investment schemes in the 12 monthsending June 30, 2025.ClareBolingford, the FMA's Executive Director for Licensing and Conduct Supervision,said the regulator views collaboration as essential in fighting scams."Collaboration is a vital factor in the fight against scams. We lookforward to playing our part in the Alliance," she said.The FMA hasmade disrupting scam activity one of its key regulatory priorities as it worksto maintain confidence in New Zealand's financial markets. The regulator saysit wants to help "investors and consumers to make good decisions, knowtheir rights and know how to protect themselves."Meanwhile,the regulator issued a warning about a new type of scam thatuses fake economic surveys to target victims before directing them tofraudulent trading platforms, including those offering CFDs.You mayalso like: KiwisWant High Returns But 70% Keep Cash Under the MattressA Response to IncreasedFraud ActivityThe FMAalready works with other local and international regulators and cyber safetyagencies, including the National Cyber Security Centre, to share intelligenceand disrupt investment scams. Bolingford described the new alliance as "asignificant move forward in a co-ordinated New Zealand response to scams."Beyondissuing warnings, the FMA has identified hundreds of websites that investorsshould avoid and has taken action to disrupt these sites and their content. Theagency shares its warnings through its website, social media channels, and withfinance industry participants, as well as through the International Securities& Commodities Alerts Network portal.Theformation of the alliance reflects growing concern about scam activitytargeting New Zealand investors and consumers. While the FMA's announcementdoesn't specify which other agencies are part of the alliance, the regulator'semphasis on coordination suggests a broader government response to the problem.Also thisweek, NewZealand announced plans to ban crypto ATMs and impose a NZ$5,000 cap oninternational cash transfers in an effort to curb money laundering and relatedscams.This article was written by Damian Chmiel at www.financemagnates.com.