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

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Australia's markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately ...

The Australian Securities and Investment Commission (Asic) is suing HSBC for failing to adequately protect customers scammed out of millions of dollars.

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HSBC's Australian unit is being sued by the country's securities watchdog agency for failing to protect local customers from ...

Banking giant HSBC knew it had gaps in its fraud control systems but failed to fix them in the months before hundreds of its ...

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The regulator claimed HSBC's local operator received 950 unauthorised transaction reports. HSBC Australia was sued by the ...

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

(Reuters) - Australia's corporate regulator on Monday said it had sued HSBC's Australian unit for allegedly failing to adequately protect customers who were scammed out of millions of dollars.

Australia's corporate regulator has initiated legal action against the local affiliate of the global bank HSBC , claiming it ...