Archive:January 30, 2025

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ASIC Continues Increased Scrutiny Into AFS Licensees For Hire

ASIC Continues Increased Scrutiny Into AFS Licensees For Hire

By: Kane Barnett and Bernard Sia

ASIC has accepted a court enforceable undertaking (CEU) from Private Wealth Pty Ltd (Sanlam) after it admitted that it failed to discharge its general Australian financial services (AFS) licensing obligations in connection with its authorised representatives.

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