{"id":72216,"date":"2026-06-28T20:08:19","date_gmt":"2026-06-28T20:08:19","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/72216\/"},"modified":"2026-06-28T20:08:19","modified_gmt":"2026-06-28T20:08:19","slug":"hsbc-saga-drags-on-for-scam-victims-after-35-million-asic-settlement-capital-brief","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/72216\/","title":{"rendered":"HSBC saga drags on for scam victims after $35 million ASIC settlement \u2014 Capital Brief"},"content":{"rendered":"

HSBC saga drags on for scam victims after $35 million ASIC settlement \u2014 Capital Brief<\/p>\n


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ASIC extracted a sizeable penalty after the global bank admitted it failed to protect customers from systemic fraud but some victims face an uphill battle to get their money back.<\/p>\n

<\/p>\n

HSBC scam victims are still waiting to be compensated.
\nEPA\/Wallace Woon.<\/p>\n

HSBC scam victims aren\u2019t hopeful they will ever be fully compensated after ASIC fined the British banking giant $35 million for serious failures protecting its customers.<\/p>\n

Some customers who accepted partial settlements are waiting to find out if they will ever fully recover their losses after being exploited by a sophisticated spoofing scam that exposed systemic vulnerabilities in HSBC\u2019s defences.<\/p>\n

\u201cThey haven\u2019t acted above board since the very start, so what would be the impetus for them to do the right thing now?\u201d Julie Khoo told Capital Brief.<\/p>\n

Khoo was targeted by the scammers in October 2023, just a couple of months after her father died. Contacted by scammers impersonating HSBC staff and spoofing HSBC\u2019s caller ID and text threads, she lost $50,000.<\/p>\n

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Topics:
\nBanking<\/a>,
\nFinancial services<\/a>,
\nASIC<\/a>,
\nRegulation<\/a><\/p>\n

\n\u00a9 2026 Capital Brief Pty Ltd\n<\/p>\n

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