NAB welcomes ASIC ban against former banker
NAB welcomes ASIC’s decision to ban a former NAB banker who was investigated by ASIC for loan fraud.
ASIC today announced its decision to permanently ban Mr Matthew Alwan from engaging in credit activities and providing financial services.
Mr Alwan was terminated from his employment with NAB in November 2015 and NAB reported Mr Alwan to ASIC in early 2016.
The ban follow 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.