Share

Share

NAB welcomes ASIC ban against former banker

ASIC today announced its decision to ban Mr Rabih Awad from engaging in credit activities and providing financial services for seven years, after he was investigated by ASIC for loan fraud.

NAB welcomes this decision. Mr Awad was terminated from his employment with NAB in December 2015, and NAB reported him to ASIC.

The ban follows NAB’s announcement of a remediation program for home loan customers in November 2017, after an internal review found some home loans may have been submitted with inaccurate customer information and/or documentation, or incorrect information in relation to NAB’s Introducer Program.

Announcements

SEE ALL TOPICS

Related Articles

  • Media Release

Cracking regional tourism spending tipped for extended Easter and ANZAC Day holiday

Regional towns across the country are expecting a bumper spending period this Easter as travellers flock to the regions to enjoy an extra-long holiday period.

  • 17.04.2025
  • Time to read 1 min read
  • Economy

Navigating market volatility: Insights from NAB and JBWere experts

As global and local markets shift under the weight of tariff announcements, experts from NAB and JBWere share their insights on the current volatility.

  • 08.04.2025
  • Time to read 3 min read
  • Private

How NAB Equity Builder can help you diversify your portfolio and grow your investments

NAB Equity Builder is making investing accessible, offering a unique solution to invest to help achieve your financial goals.

  • 20.03.2025
  • Time to read 5 min read

Quick links

National Australia Bank — NAB

Sometimes When The Unexpected Happens, We Realise What We Truly Value. Whether A Home, Farm, Business Or Your Passion, NAB Is Here To Support You.

Business Research and Insights

For more business news and analysis, visit NAB’s Business Research and Insights.