Yes or No? AFSL Holders Taking Foreign Clients

Moderator: moderators
rank: 10000+ posts
rank: 10000+ posts
Posts: 10494
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

Yes or No? AFSL Holders Taking Foreign Clients

Postby » Sun May 15, 2016 12:24 pm

This article was written by Sophie Gerber, the director of the compliance and legal firm Sophie Grace.

As Australia splutters into its new economic saviour, fintech (first there were sheep, then natural resources), the Turnbull government is yet to get ASIC on board. It can be argued that ASIC has a two-pronged approach to Australian Financial Services Licence (AFSL) holders taking on foreign clients. In an era where the Australian Government is attempting to make Australia a global competitor and encourage foreign investment into Australia, this is problematic to say the least.

In our experience, it appears that ... (read more)

Please add to your ad blocker white list.
Thank you for your support.

Return to “news”