The Auckland City Financial Crime Unit is appealing for assistance in locating Ayom Wek, 31, who is wanted for alleged involvement in significant fraud cases totalling $1.8 million.

Detective Senior Sergeant Craig Bolton stated that Wek is implicated in a term deposit scam affecting multiple New Zealanders.

"Police investigating the term deposit scam have identified Wek as part of our enquiries," Bolton said.

"At this stage, we have received five reports relating to this man, each with hundreds of thousands of dollars behind them."

Wek is believed to reside in Auckland Central, and authorities have issued warrants for his arrest.

"As part of our ongoing enquiries, we are now seeking his whereabouts in regards to these significant reports of fraud and warrants to arrest have been granted," Bolton added.

The police have also issued a border alert to prevent Wek from leaving the country.

While there is no indication that Wek is currently active in committing further offences, the community is advised to exercise caution.

"We continue to urge anyone seeking financial advice or those looking to invest in a term deposit to proceed with caution," Bolton advised.

Ayom Wek.

Anyone with information on Wek's movements or location is urged to contact police immediately via 111.

Information can also be provided anonymously through Crime Stoppers at 0800 555 111.

For further assistance, the public can contact the police through their 105 phone service or online at the police website, referencing file number 240525/8716.