9 articles tagged with #AFSL
A defensible AFSL compliance framework requires more than policies—it needs structured systems proving how risks are monitored, incidents managed, and decisions documented. Strong governance, tracking, and clear records ensure compliance is operational, traceable, and regulator-ready.
The acquisition of BC Payments Australia by blockchain giant Ripple will combine traditional rails with digital asset infrastructure.
Before applying for an AFSL, assess ASIC’s role, application requirements, ongoing obligations, penalties for non-compliance, and possible exemptions. Ensure your business qualifies as providing financial services and can meet strict compliance, training, and operational standards.
An AFSL is required in Australia if you carry on a financial services business, even as a minor activity. It covers advising, trading, managing funds, and more. Operating without one risks serious penalties; exemptions or alternatives may apply in limited cases.
Applying for an AFSL requires clear purpose, correct authorizations, and qualified Responsible Managers. Applicants must submit detailed business, compliance, and risk info via ASIC, with supporting documents. The process takes ~5–8 months and may require additional review.
AFSL holders face stricter AML/CTF rules by March 31, 2026. Reforms require a single risk-based program, expanded risk assessments (including proliferation financing), stronger governance, and updated training—making compliance an ongoing priority.
Australia integrates crypto into its financial framework. Discover critical 2026 deadlines for ASIC AFSL compliance, AUSTRAC VASP registration, and Treasury’s new DAP rules.
In 2026, Australia’s crypto regulation splits clearly between AUSTRAC (DCE/VASP) and ASIC (AFSL) — and choosing the wrong path can block your launch.
Australia’s crypto rules are entering a new era on March 31, 2026. This guide breaks down the dual-regulator model (AUSTRAC + ASIC), the two-tier VASP/AFSL path, and what “institution-ready” compliance really requires - from local substance to Travel Rule.
