The Australian Securities and Investments Commission has permanently banned Bee Chin Lim, also known as Vicky Bee Chin Lim of Yagoona in New South Wales, from providing financial services.

Ms Lim was the sole director of JJ Global Network Pty, itself associated closely with a Malaysian entity called JJ Global Network Holdings BHD which offered foreign exchange investments under its abbreviated name of JJPTR.

Ms Lim was banned after she set up JJ Global as an Australian office of JJPTR and was the only contact person in Australia for JJPTR investors; received more than A$2.2 million-worth of deposits from 1,400 investors that went into JJ Global’s bank accounts and her personal accounts; misused investors' funds for her own purposes; and created false investors' accounts to bypass JJPTR's investment amount restrictions and increase the number of referral commissions she earnt.

The order to ban her permanently from financial services rested on the fact that she provided financial services in Australia without a licence in contravention of s911A Corporations Act and engaged in dishonest conduct in contravention of s1041G of the Act. She has the right to appeal to the Administrative Appeals Tribunal.