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    5 — HSBC Holdings News Story

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    Brief: Australia's ASIC Says A$35 Million Penalty Sought As HSBC Australia Admits To Scam Protection Failures

    Picture of HSBC Holdings logoHSBC Holdings
    18/06/2026 03:05
    BRIEF-Australia's ASIC Says A$35 Million Penalty Sought As HSBC Australia Admits To Scam Protection Failures
    June 18 (Reuters) - Australia's ASIC:
    • A$35 MILLION PENALTY SOUGHT AS HSBC AUSTRALIA ADMITS TO SCAM PROTECTION FAILURES, IMPLEMENTS COMPENSATION PLAN
    • HSBC BANK AUSTRALIA ADMITTED TO SERIOUS FAILURES IN PROTECTING CUSTOMERS FROM SCAMS
    • HSBC BANK AUSTRALIA HAS ALSO ESTABLISHED LARGE-SCALE REMEDIATION PROGRAM
    Further company coverage: 0005.HK

     ((Reuters.Briefs@thomsonreuters.com;))

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