FAIS Newsletter 20 contains a warning for those who think that falsifying a RE certificate is the easy route into the industry or complying with fit and proper requirements:
The FSB encountered numerous cases of regulatory examination certificate fraud over the last five years. Regulatory action was taken against each of these individuals and they were debarred for breaching the honesty and integrity requirement.
It is important to note that the security measures in place to detect regulatory examination certificate fraud is of the highest standard, and no fraudulent certificate will go undetected once it is used for compliance or job application purposes.
It is therefore important to consider the consequences before attempting to commit certification fraud, and what impact this would have on possible job opportunities and a career in the financial services sector.