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HSBC, Australia

Australia takes HSBC to court over neglecting scam victims

Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it failed to correctly respond to about 950 reports of customers losing close to a million dollars or more.

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HSBC Sued by Australian Regulator for Failing to Protect Customers From Scams

Australia’s corporate watchdog is suing the local unit of HSBC Holdings over allegations that the bank failed to protect customers from criminal scams.

YAHOO!Finance · 1d

HSBC Australia sued over scam protection failings

ASIC alleges the bank lacked proper controls to prevent unauthorised transactions and failed to investigate reports promptly.

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HSBC's Unit Sued by ASIC Over Systemic Failures in Scam Prevention

HSBC Holdings plc’s HSBC Australia unit, HSBC Bank Australia, has been sued by the Australian Securities and Investments ...

HSBC Bank no help as scammers steal $23 million

ASIC is taking HSBC bank to court for failing to protect customers, knowing that scam transactions were likely taking place ...

1d

ASIC’s move on HSBC shows the fight against scams just got serious

Australia’s major banks collectively spend hundreds of millions each year fighting scams, working closely with regulators and ...

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