Australia’s corporate regulator has permanently banned former credit representative Emmanuel Adu from the credit industry after he falsified police checks to hide his criminal history.
The Australian Securities and Investments Commission (ASIC) said Adu, of Schofields in Sydney’s north‑west, altered Australian Federal Police (AFP) certificates on two separate occasions while applying to become a credit representative of a credit licensee, removing references to his prior criminal record.
The AFP investigated and, on 26 November 2024, Adu was convicted of two offences contrary to s145.4(1) of the Criminal Code Act 1995 (Cth) for falsification of documents. In assessing the matter, ASIC found he had made false representations in employment applications for the credit industry.
The ban took effect on 1 July 2025 and prohibits Adu from engaging in any credit activities, controlling another person or entity that engages in credit activities, or performing any function involved in credit activities. His name has been added to ASIC’s banned and disqualified register.
ASIC said its decision was made under sections 80 and 81 of the National Consumer Credit Protection Act 2009 (Cth), which empower the regulator to prohibit a person from participating in the credit industry if they have been convicted of a fraud offence. It added that Adu’s convictions involved fraud or dishonesty, enlivening its power to make the order.
