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Australian Securities and Investments Commission

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06:27

2026-06-18

cityam.com

ai-safety

HSBC coughs up $25m over Australian scam failures

HSBC agreed to pay nearly $25 million after admitting failures in protecting Australian customers from scammers, marking one of the first cases globally where a bank is penalized for inadequate fraud …

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HSBC 1 Sarah Court 1 Federal Court 1 Bank of England 1 Parquet National Financier 1