Former AMP adviser permanently banned
A former Melbourne-based AMP Financial Planning authorised rep has been banned by ASIC after pleading guilty to criminal charges in a Victorian county court.
A statement issued by the corporate regulator reveals that Roy Whye Wah Moo – who is listed as an “AMP Financial Planner since 1988” on the website of his company Roy Moo & Associates – is being banned from providing financial and credit services permanently.
Mr Moo pleded guilty to charges of dealing with money which was the proceed of crime in the County Court of Victoria in December 2013, putting him in breach of the Corporations Act which gives ASIC powers to ban anyone convicted of fraud-related crimes.
According to reports in the Fairfax media, Mr Moo was “jailed for two years and three months” for laundering drug money at Melbourne’s Crown Casino.
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