The Australian Securities and Investments Commission has banned a former Westpac foreign exchange trader from providing financial services for eight years after finding that he created fictitious trading entries and created a false document.Kaviraj Nambiar was employed by Westpac Institutional Bank between 2008 and 2010 and by Nomura between 2010 and 2011.  ASIC found that during his time at Westpac he entered more than 100 fictitious entries, including off-market trades that created the false appearance of profit.Some of the fictitious trades were created to conceal a loss of more than A$1 million in AUD/USD spot foreign exchange.As a result of his conduct, Westpac wrote off $17.6 million of income for the period ended March 2011.Nambiar did not personally benefit from the trades, which were internal to the bank with no customers affected.While at Nomura he created a false email purporting to be from an external broker containing broker quotes. ASIC found that the was likely to mislead Nomura staff.