Regulatory Alerts2025-10-02
ASIC bans former insurance broker Munther El-Alami for eight years
The Australian Securities and Investments Commission has banned former insurance broker Munther El-Alami from providing financial services for eight years, effective 17 September 2025. ASIC determined that El-Alami engaged in misleading conduct by submitting false life insurance applications and is not a fit and proper person to participate in the industry. El-Alami retains the right to appeal this decision to the Administrative Review Tribunal.
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