ASIC has permanently banned Victorian director Ermelia Suzanne Snoeks from engaging in credit activities and from providing financial services.
This followed an ASIC investigation that found Snoeks:
- Failed to disclose a past criminal conviction in an application for an Australian credit licence by NBG Financial Pty Ltd (NBG), a company for which Snoeks is the director
- Lodged a false document in support of her being a fit and proper person in NBG's Australian credit licence application
- Had previously been involved in false correspondence misrepresenting the fate of monies and in respect of her purportedly being legally represented
- Failed to disclose in an annual compliance certificate that NBG has ceased to be a member of an external dispute resolution scheme
It was therefore determined that Snoeks had contravened credit legislation and was not a fit and proper person to engage in credit activities or provide financial services to consumers.
NBG held an Australian credit licence between March 2011 and September 2016.
ASIC deputy chairman
Peter Kell said, "We expect information in support of a credit or financial services licence application to be truthful and contain all relevant material for us to assess an applicant's suitability to be authorised.
"Anyone who provides information that is false and incomplete, and designed to circumvent the safeguards in the licensing process, shows blatant disregard for the law. We will take steps to remove such a person from the industry."
Snoeks has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
