Insights

Date
Category
Industry

Are you ‘fit and proper’ or only of ‘good fame and character’?

30 Jun 2020
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Jamie Munton

Lawyer

In March this year the requirements for obtaining and maintain an Australian Financial Services Licence (AFSL) were amended by the Financial Sector Reform (Hayne Royal Commission Response—Stronger Regulators (2019 Measures))…...

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FACT SHEET: How to set up a Money Remitter (also known as a Money Transfer Operator or Payment Services Provider) Checklist

19 Jun 2020
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Alexa Bowditch

Lawyer

☐ Determine the characteristics of your remittance business Payment corridors and any other jurisdictions you will deal with Currencies you will exchange Customer types Whether your business offers only spot FX…...

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Compliance – What is it good for?

29 May 2020
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David Court

Partner

Financial services licensees will be well aware that they are required to comply with the financial services laws and the conditions of their licence.  They are also required to self-report…...

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AFCA – so what is fair?

20 May 2020
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Rachel Erlich

Senior Associate

As I write this in May 2020, we are facing difficult times.  We are grappling with a global pandemic caused by COVID-19.  And, as we experienced during the global financial…...

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FACT SHEET: Setting up a Cryptocurrency (Virtual Asset) Exchange Checklist

11 May 2020
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Alexa Bowditch

Lawyer

Before you set up a cryptocurrency exchange... ☐  Determine the structure of your cryptocurrency exchange: Crypto to fiat or crypto to crypto Virtual assets to be exchanged Broker or market…...

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FACT SHEET: Top 10 Tips for a Successful AFSL Application

08 May 2020
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Frank Varga

Head of Licensing

Here are our top 10 tips for a successful AFSL application. Organisational competency, as demonstrated by your Responsible Manager, will make or break your application. Get good legal advice at…...

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FACT SHEET: AFSL Costs

08 May 2020
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Frank Varga

Head of Licensing

So, you think you’re ready to apply for your own AFSL.  What are the costs should you be prepared for? Preparing You can attempt to prepare and submit your own…...

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FACT SHEET: The AFSL Application Process

08 May 2020
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Frank Varga

Head of Licensing

Before applying for a licence, you need to know: 1. Why are you applying? “Branding” alone won’t cut it.  You need to convince ASIC that you need a licence.  You…...

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FACT SHEET: Key AFSL Requirements

08 May 2020
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Frank Varga

Head of Licensing

How do I get an AFSL, you ask?  Below, we outline the key requirements required for applying for and obtaining an AFSL.  If you decide to obtain an AFSL, it…...

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