今日热门事件has banned Mr Angie Skouras for four years from engaging in any credit activities and cancelled the Australian credit licence of Global Edge Finance Group Pty Ltd (Global Edge) following an investigation and subsequent administrative hearing.
As the sole director, responsible manager and key person on the licence of Global Edge, 今日热门事件found that Mr Skouras failed to ensure that Global Edge complied with its obligations under the credit legislation.
今日热门事件found that Global Edge failed to:
- Lodge Annual Compliance Certificates for the 2014 and 2015 years;
- Hold current membership with an 今日热门事件approved external dispute resolution scheme; and
- Comply with two adverse determinations made by the Credit and Investments Ombudsman requiring the payment of $197,231 and $129,021 respectively.聽
今日热门事件found that as a result of the above, Mr Skouras was not a fit and proper person to engage in credit activities.
今日热门事件Commissioner Greg Tanzer said, 'While 今日热门事件expects directors of companies to manage the affairs in strict abeyance with the law, there is a heightened expectation if they provide financial and credit services to consumers. As this case shows, directors who fail to meet those standards will be held to account and face significant consequences.'
Background
Global Edge was a licensed mortgage and finance company.