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

Response to FSU work hours survey

NAB Group Executive Susan Ferrier letter to employees following FSU work hours survey.

  • 07.12.2021
  • Time to read 1 min read
  • Disaster relief

NAB to provide $1,000 grants to customers impacted by floods

NAB today announced $1,000 grants to support customers affected by floods in Inglewood, Queensland, and surrounding areas.

  • 03.12.2021
  • Time to read 1 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.