Federal Court orders $35 million penalty against HSBC for scam protection failures

26-127MR

civil penalty18 June 2026Penalty $35.00M

Respondent

HSBC Bank Australia Limited

Facts

The Federal Court has ordered HSBC Bank Australia Limited (HSBC) to pay a $35 million penalty after the bank admitted to serious failures in protecting customers from scams.

Outcome

ASIC civil penalty of $35,000,000 — HSBC Bank Australia Limited (2026-06-18). See the ASIC source for the full terms.

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Read the source

https://www.asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-127mr-federal-court-orders-35-million-penalty-against-hsbc-for-scam-protection-failures

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