Mr Dimitropoulos engaged in a range of contraventions under financial services and credit laws
Content of Penalty:
ASIC found that he:
- made false statements to ASIC in Sunpac Finance’s annual compliance certificates about Sunpac Finance’s compliance processes and procedures;
- was involved in Sunpac Finance and Heritage Financial Solutions’ breaches of their general conduct obligations as credit licensees;
- was involved in Heritage Financial Solutions carrying on a financial services business without a license; and
- engaged in conduct that demonstrated a fundamental lack of understanding of and regard for compliance with the law.