An Australian man has been arrested after allegedly taking thousands of dollars from Kiwis in a complex scam

Police caught the man after a Gore resident reported concerns over a 40-thousand dollar transaction, involving a term deposit scheme.

One Auckland victim was left 150 thousand dollars out of pocket from the same alleged scam.

The 30-year-old was visiting Auckland and has been charged with four counts of engaging in money laundering.

Police advise never enter contact details into any online website that offers term deposit rates, and to always contact your bank for reassurance.