15 May 2023

Citi Prospectus Scams

FMA are concerned that a scam operation is targeting New Zealand residents and offering investment in term deposits in the name of Citi N.A.

Scammers are targeting New Zealand residents and may be using emails that appear legitimate. Citibank, N.A. has confirmed that they are not connected with these offers.

Some of the prospectuses and other documentation provided may contain the FMA logo or claim the investment complies with the “terms of FMA.” However, these claims are untrue.

FMA recommend that investors exercise caution when receiving unsolicited investment offers.

Read more about how to identify a product disclosure statement (PDS) or prospectus scam