Former banker barred for pocketing customers’ money
The Australian Securities and Investments Commission (ASIC) has permanently banned a Sydney woman from providing financial services after she was convicted for fraud-related offences, ASIC announced last week.
Regina Bouskila, 50, of North Bondi, pleaded guilty late last year to 22 counts of obtaining a benefit by deception, ASIC said.
Bouskila was an employee of the Commonwealth Bank for 25 years but on 22 occasions between August 2000 and March 2006 she took possession of customers’ money without their authority, ASIC said.
Bouskila intercepted official bank statements and replaced them with different documents purporting to be bank statements that contained no reference to the unauthorised transactions, ASIC said.
The Commonwealth Bank has since reimbursed all the affected customers for a total amount of $3,109,549.93.
Bouskila was sentenced to five years in prison in December last year.
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.
