COMPAMIR
High-Purity Fact Pipeline
© 2026 COMPAMIR | Verified Intelligence
High-Purity Fact Pipeline
HSBC Australia, ASIC
Australia
June 18, 2026
Verified: June 18, 2026
"HSBC Australia admitted to failures in protecting customers from scams and faces a proposed $35 million penalty. ASIC found the bank failed to maintain adequate controls over internal transfer systems between 2023 and 2024. The settlement is subject to Federal Court approval."