HSBC pays $35 million penalty for failing to protect Australian scam victims
HSBC agreed to pay a $35 million penalty to settle a case over its failure to protect Australian customers from scam phone calls. More than 1,000 customers lost a total of $34.6 million due to fraudulent transactions. The settlement marks a significant step in holding banks accountable for customer protection against scams.
Summary by OZbrief Editorial · Brisbane Times · Source
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Published 18 Jun 2026, 07:55 UTC · Updated 18 Jun 2026, 08:00 UTC
Summary by OZbrief Editorial. Original report: Brisbane Times. Editorial policy · Corrections
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