ASIC has launched court action against HSBC, claiming failures at the major bank led to the loss of $23 million over four years. The lawsuit alleges HSBC failed to protect customers, with some losing their life savings. The regulator says HSBC had significant, widespread, and systemic shortcomings that resulted in customers being scammed. Delays in fraud investigations and slow responses to scam reports were also highlighted. This is the first time ASIC has taken legal action against a bank for widespread compliance failures. HSBC Australia has been criticized in the past for its handling of fraud claims. Australians lost $2.74 billion to scams in 2023, with the majority of losses borne by customers. Laws are being introduced to establish a scam prevention framework with fines of up to $50 million for businesses that do not take reasonable steps to prevent, respond to, or report scams.
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Alphonsine Djiako Leuga and Loraine Choulla: Disabled daughter left alone for weeks with her mum’s dead body
Horrifying details have emerged regarding the deaths of Alphonsine Djiako Leuga, 47, and her disabled daughter Loraine Choulla, whose bodies were discovered on May 21, 2024, after an ambulance failed to respond to a call made on February 2. Ms. Leuga likely died from pneumonia the same day, leaving Ms. Choulla alone with her mother's body for weeks before she also died, prompting an ongoing inquest into the circumstances surrounding their tragic deaths. Want More...
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