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NEWS: HSBC pushes for tech firms to share £85,000 fraud compensation costs

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A view of the logo of HSBC bank on a wall outside a branch in Mexico City, Mexico June 14, 2024. REUTERS/Henry Romero/File Photo

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LATEST: Leader of failed Russian coup secretly shifted payments through HSBC and JPMorgan – report

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NEWS: Egmont Group of FIUs suspends Colombia for allegedly sharing confidential information

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By Paul O’Donoghue, Senior Correspondent

HSBC has suggested that tech companies should help shoulder the financial responsibility of compensating victims of fraud.

David Callington, head of fraud at HSBC UK, commented on new regulations requiring financial institutions to compensate fraud victims up to £85,000.

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LATEST: Leader of failed Russian coup secretly shifted payments through HSBC and JPMorgan – report

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NEWS: Egmont Group of FIUs suspends Colombia for allegedly sharing confidential information

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NEWS: FCA chair Ashley Alder cleared of wrongdoing in handling of whistleblower complaint

Regulatory Watch News

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