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FinTech Hub Webinar Series – Do I need an AFSL/ACL for my fintech business
June 3 @ 11:00 am - 12:00 pm$20
About this Event
Sophie Grace Compliance and Legal is collaborating with FinTech Australia to provide its members with regulatory information and support. As the fintech industry continues to expand, so too does the regulatory focus on businesses within this domain. This webinar series is designed to help you navigate the Australian regulatory system and assist you to understand the environment so you can successfully start and continue to operate your fintech business as efficiently as possible.
The seminars aim to answer some of the most common questions businesses have when they are exploring establishment and expansion of fintech products and services. A presentation by one of the experienced staff members at Sophie Grace will be followed by plenty of time for Q&A to explore areas of particular interest from members.
Do I need an AFSL/ACL for my fintech business?
It is not uncommon for fintech businesses to be unintentionally providing financial or services and thus, failing to possess the required Australian Financial Services Licence (AFSL) or Australian Credit Licence (ACL) for their operations. This places businesses in breach of the law and attracts negative attention from the Australian Securities and Investments Commission (ASIC). Businesses need to carefully investigate whether their activities require an AFSL or ACL to avoid unnecessary regulatory scrutiny. Deciphering what type of activity constitutes a financial or credit service can often be a complicated task. This webinar intends to help uncomplicate this process by examining the most common fintech licensing requirements and equipping you with the tools determine whether a licence is required for your business.