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Australian Financial Reviewafr.com

HSBC agrees to $35m fine for failing scammed customers (opens original article in a new tab)

TL;DR

HSBC Australia admitted failing to protect customers from scams and agreed to a $35 million penalty after legal action by the corporate regulator.

  • HSBC Australia admitted failing to protect customers from scams
  • HSBC agreed to a $35 million penalty following legal action
  • Australian Securities and Investments Commission and HSBC requested court approval for the fine
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