Rated excellent on Google
AFSL Compliance Services
Don't put your AFSL at risk. Stay 100% Compliant
Access our award-winning risk & compliance frameworks, built by specialist AFSL lawyers to keep you aligned with your AFSL obligations.
- Expert guidance for AFSL compliance success
- Ongoing support for peace of mind
- Tailored compliance solutions for your business
- Proven track record with 100% success rate
FREE · NO OBLIGATION · QUICK REPLY
Claim your free compliance consultation
Confidential. We never share your details.
Trusted by industry leaders
300+ AFSL holders · excellent on Google
![AFSL House Compliance & Regulation expert, [Name], providing guidance.](https://afslhouse.com.au/wp-content/uploads/2024/12/AFSL-House-AFSL-Compliance-Regulation-Intro-Thumbnail.jpg)
HOW WE DO IT
Don't put your AFSL at risk. Achieve 100% compliance, guaranteed
Watch how our risk & compliance frameworks, delivered by specialist AFSL compliance providers and lawyers, keep you aligned with your AFSL obligations through a tailored, 7-part compliance stack.
BY THE NUMBERS
AFSL compliance, by the numbers
SERVICE LINE
Compliance & Regulation
Tailored compliance frameworks and ongoing support that keep you audit-ready.
Compliance platform users
AI Compliance GPT support
INDUSTRIES WE SERVE
Crypto
Funds Management
Payments
Brokers
Fintech
Insurance
HOW IT WORKS
Our 4-step process to keep you compliant
We take the complexity out of AFSL compliance and keep you aligned with your ongoing regulatory obligations.
1
Book a free consultation
Book a free consultation so we can understand your business, your obligations and where your compliance gaps are.
2
Engage us
We formalise our partnership and scope the compliance stack your business needs to meet its AFSL obligations.
3
Build your framework
We tailor your policies, registers and reporting, and stand up our 7-part compliance stack around your business.
4
Monitor & support
We provide ongoing monitoring, audits, compliance meetings and a legal help desk to keep you continuously compliant.
Peter Hagias, Founder
OUR FIRM
Who we are
In a regulated industry, the wrong partner can cost you your licence, your timeline and your sleep. AFSL House was built to be the opposite. Since 2020, founder and senior financial services lawyer Peter Hagias has led a team trusted by financial services businesses of every size. We take the stress and guesswork out of operating in a regulated environment.
We are more than a law firm. Alongside our 100% AFSL application success rate, we help you meet your ongoing regulatory obligations and commercial objectives with a number of complementary services. So whatever you need to launch your business and stay compliant, it is all under one roof.
CLIENT RESULTS
Real mandates, real outcomes
01/07
BTC Markets
Crypto Exchange
The first AFSL ever granted to a crypto exchange in Australia, backed by ongoing fixed-fee legal & compliance support.
THE OUTCOME
1st
AFSL for a crypto exchange in Australia
Retainer
Ongoing fixed-fee legal & compliance
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
Australia’s leading crypto exchange needed legal and compliance expertise to navigate an ever-evolving crypto regulatory landscape, and wanted an AFSL to establish a payments business.
WHAT THEY NEEDED
Specialist legal and compliance expertise to stay ahead of fast-moving crypto regulation, and an AFSL to underpin a new payments business.
HOW WE HELPED
We secured the first AFSL ever granted to a crypto exchange in Australia, including the authorisations to support a payments business, and continue to act as an extension of their team under a fixed-fee retainer, providing dependable legal and compliance support as the landscape evolves.
Fixed fee · No obligation
Damisa
Cross-Border Payments & Crypto Brokerage
AFSL secured to power cross-border payments using stablecoin rails, crypto buy & sell and multi-currency capabilities, giving customers same-day settlement and the ability to settle payments in cryptocurrency.
THE OUTCOME
AFSL
Granted by ASIC
Stablecoins
Cross-border payments, crypto & multi-currency
AFSL APPLICATION · LEGAL · COMPLIANCE & REGULATION
THE SITUATION
A cross-border payment provider moving money in and out of Australia on behalf of customers using stablecoin rails, and wanting customers to be able to buy, sell and hold crypto and multiple currencies on its platform.
WHAT THEY NEEDED
A full-scope AFSL authorising cross-border payment services using stablecoins, the ability for customers to buy and sell crypto, and multi-currency capabilities.
HOW WE HELPED
We guided Damisa through a rigorous ASIC application and secured its AFSL, authorising cross-border payment services, enabling customers to buy and sell crypto, and providing multi-currency capabilities. We also assisted with AML registration as a remitter, ongoing legal and compliance set-up, PDS, FSG, TMD and T&Cs preparation, and support securing local banking and liquidity providers.
Fixed fee · No obligation
Bless Payments
Payments & Remittance
A turn-key path to market, covering the full legal stack, an AFSL and AUSTRAC remittance registration.
THE OUTCOME
Turn-key
Legal, disclosure & licensing build
AFSL + AUSTRAC
Licence & remittance registration
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
A payments and FX business preparing to come to market and needing its entire regulatory and legal foundation built from the ground up.
WHAT THEY NEEDED
Support across every element of operating a payments and FX business, including an AFSL, AUSTRAC registration and the full suite of legal documents.
HOW WE HELPED
We delivered a turn-key solution across their payments and FX business, preparing the legal documents and securing the AFSL and AUSTRAC remittance registration, and we continue to provide ongoing services today.
Fixed fee · No obligation
Curated Capital
Wholesale Property Fund
Licensed to offer wholesale property syndicates, with ongoing legal and compliance support.
THE OUTCOME
AFSL
Granted for wholesale syndicates
Ongoing
Legal & compliance support
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
A wholesale property fund preparing to offer property syndicates to its clients.
WHAT THEY NEEDED
An AFSL and the disclosure documents required to offer wholesale property syndicates, plus ongoing legal and compliance support, including assistance administering each wholesale property syndicate.
HOW WE HELPED
We obtained their AFSL and established the disclosure documents required to offer wholesale property syndicates, and we provide ongoing legal and compliance support, including assistance administering each wholesale property syndicate.
Fixed fee · No obligation
Hello Clever
Fintech & Payments
From an established business to a fully licensed, regulated product offering.
THE OUTCOME
Full-scope
AFSL secured
RMs placed
Responsible Managers sourced
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
An existing business looking to expand its product set into regulated financial offerings for the first time.
WHAT THEY NEEDED
To move through the AML registration phase, uplift its AML/CTF documentation and processes, and obtain a full-scope AFSL with the right Responsible Managers.
HOW WE HELPED
We guided them through AML registration, updated their AML/CTF documentation and processes, sourced Responsible Managers and secured a full-scope AFSL, and now support them with their ongoing legal and compliance requirements on a fixed-fee retainer.
Fixed fee · No obligation
Toss
Global Super-App
Korea’s leading financial SuperApp, now licensed to provide remittance services in Australia.
THE OUTCOME
5 months
To a granted AFSL
End-to-end
Market entry & licensing
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
Korea’s leading financial SuperApp seeking to establish a licensed remittance business in Australia.
WHAT THEY NEEDED
To establish a licensed remittance business in Australia, including a local presence and the licences and registrations required to provide domestic P2P payment services.
HOW WE HELPED
We stood up their Australian operations, covering incorporation, resident director, Responsible Manager, AFSL application and AML remittance registration, and secured the licence in five months. We now provide ongoing legal and compliance support.
Fixed fee · No obligation
Immersve
Crypto Payments
Licensed, supported on an ongoing basis, and progressed toward Mastercard principal membership.
THE OUTCOME
AFSL
Granted & maintained
Mastercard
Principal membership work
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION • RM RECRUITMENT
THE SITUATION
A global crypto-to-card payments business looking to establish operations in Australia and access card-scheme infrastructure.
WHAT THEY NEEDED
An AFSL, ongoing legal and regulatory support, and assistance securing Mastercard principal membership.
HOW WE HELPED
We obtained their AFSL and assisted them in accessing card-scheme infrastructure, including their Mastercard principal membership, at the outset. We now provide ongoing legal support, helping them navigate and comply with their local legal and regulatory requirements.
Fixed fee · No obligation
Interstellar Capital
Wholesale Property Fund
AFSL secured and disclosure documents built for wholesale property syndicates.
THE OUTCOME
AFSL
Granted for wholesale syndicates
Ongoing
Legal & compliance support
AFSL APPLICATION • LEGAL • COMPLIANCE & REGULATION
THE SITUATION
A wholesale property fund bringing property syndicates to its investors.
WHAT THEY NEEDED
An AFSL and compliant disclosure documents for wholesale property syndicates, backed by ongoing legal and compliance support.
HOW WE HELPED
We obtained their AFSL and established the disclosure documents required to offer wholesale property syndicates, and we provide ongoing legal and compliance support.
Fixed fee · No obligation
TESTIMONIALS
Rated 5-star by our clients
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
Peter Hagias & team
WHY AFSL HOUSE
Why choose AFSL House?
Our point of difference is simple: we work exclusively with financial services companies, combining best-practice processes with full legal compliance.
Deep industry understanding
An intimate understanding of the issues financial services companies face, and how leaders in your industry address them.
Best practice + legal compliance
Solutions that marry best-practice processes with legally compliant strategies, so your business runs efficiently.
Broader perspective
We go beyond the narrow focus of traditional law firms or compliance providers to deliver holistic, practical solutions.
AFSL VIDEO SHORTS
AFSL, explained by our lawyers
Quick, plain-English answers to the questions we hear most, straight from the specialists who handle your licence.
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
INSIGHTS LIBRARY
The latest news & insights
News, regulatory updates and analysis from our financial services lawyers, straight from the AFSL House desk.
Free 90-seconds Assessment
Not sure where you stand with your AFSL?
Answer a few quick questions and we’ll build you a personalised AFSL action plan, based on the very things ASIC will expect from you. It takes about 90 seconds.
- Takes under 2 minutes
- Tailored to your business type
- No cost, no obligation
FREE DOWNLOADS
Free & practical AFSL guides & checklists
Practical guides, roadmaps and checklists that make getting ready simple, written by the lawyers who do this every day.
THE DEAL
Simplify AFSL compliance with our 7-part stack
Once your licence is granted, a robust compliance framework is crucial for continued success and avoiding penalties. AFSL House provides comprehensive support to navigate these requirements.
1
Monitoring & Supervision
Ongoing monitoring and supervision, with regular assessments and proactive strategies to maintain adherence to your obligations.
2
Audits
Internal and external audits that pinpoint areas for improvement and assure you are meeting your obligations effectively.
3
Legal Help Desk
Timely access to expert legal advice on compliance queries, plus support for document management and transparency.
4
Compliance Meetings
Regular meetings to review compliance status, regulatory changes and strategies for improvement and accountability.
5
Policies & Procedures
Tailored compliance policies and procedures built around your business, with best-practice implementation and updates.
6
Registers & Reporting
Assistance maintaining accurate, up-to-date registers and compliance reporting against your ongoing obligations.
7
Compliance GPT Platform
Our AI-powered compliance portal that streamlines day-to-day compliance management for your team.
Not sure which parts you need?
AFTER APPROVAL
Maintaining your AFSL: ongoing compliance is key
Once your licence is granted, a robust compliance framework is crucial for continued success and avoiding penalties. AFSL House provides comprehensive support to navigate these requirements.
Core AFSL obligations
- Provide efficient, honest and fair financial services
- Manage conflicts of interest effectively
- Ensure staff competence and training
- Maintain robust risk management systems
Reporting to ASIC
- Notify ASIC of business changes, e.g. responsible managers or address
- Report significant breaches and investigations promptly
- Report on adviser compliance with professional standards
Consequences of non-compliance
- Financial penalties and fines
- AFSL suspension or cancellation
- Reputational damage and loss of client trust
Expert compliance support
- Tailored compliance plans and resources
- AI-powered Compliance GPT portal
- Staff training on best practices
Book your free, no-obligation consultation
Have a related, no-pressure chat with one of our senior AFSL lawyers. You’ll walk away knowing exactly where you stand and what to do next.
WHY WE DO
Market-leading, comprehensive AFSL services
A comprehensive range of services tailored to financial services companies seeking an Australian Financial Services Licence and ongoing compliance support.
AFSL Applications
A 100% success rate in AFSL applications, helping clients obtain their licence in record time.
ACL Applications
End-to-end Australian Credit Licence applications for lenders, brokers and credit providers, prepared and lodged for you.
Compliance & Regulation
Tailored risk and compliance frameworks to ensure you comply with your AFSL obligations.
Legal Support
Specialised AFSL lawyers providing holistic legal services to AFSL holders & applicants.
AFSL Audits & Investigations
Comprehensive governance audits to avoid enforcement action and assist in ASIC & AUSTRAC investigations.
AFSL for Hire
Be appointed as a Corporate Authorised Representative under our AFSL to start operating quickly.
Marketplace for AFSL
Connecting AFSL holders and applicants with qualified Responsible Managers, with expert sourcing and placement handled for you.
AFSL Responsible Manager Recruitment
Connecting AFSL holders and applicants with qualified Responsible Managers. Expert RM sourcing and placement.
White-Label Services
Enabling legal and consulting firms to offer AFSL expertise under their own brand.
FAQ
Frequently asked questions
Can I outsource my AFSL compliance function?
While you can outsource compliance tasks, the responsibility for compliance remains with the AFSL holder, necessitating proper oversight. It is crucial to ensure that any outsourced services align with your compliance framework and that you maintain control over compliance processes.
Does AFSL compliance need to be outsourced?
While AFSL compliance can be handled internally, it requires considerable time and resources. The AFSL holder remains responsible for compliance even if outsourced, so appropriate oversight and supervision measures must be in place.
Why do you need AFSL policies and procedures?
AFSL policies and procedures represent the risk and compliance framework implemented by the AFSL holder to ensure compliance with legal and regulatory obligations. They should be tailored to the business and embedded in day-to-day activities, not just generic templates.
What are the general obligations of an AFSL holder?
AFSL holders must provide efficient, honest, and fair financial services, manage conflicts of interest, and comply with financial services laws. These obligations are outlined in Section 912A of the Corporations Act and are essential for maintaining trust with clients and regulators.
How often should AFSL policies and procedures be reviewed?
AFSL policies and procedures should be reviewed at least annually or more frequently if there have been material changes in the business or events indicating deficiencies in the current framework.
Should I appoint an external member to the AFSL compliance committee?
Yes, AFSL holders should appoint an external member to their board and compliance committee to provide an independent and objective view on existing arrangements and areas for improvement. External compliance providers may not be sufficiently disconnected or conflict-free to serve this role.
What is a Responsible Manager in the context of AFSL?
A Responsible Manager is an individual with the necessary competence to oversee compliance with AFSL obligations and ensure the licensee operates effectively. They play a critical role in maintaining the licensee’s adherence to regulatory requirements and managing the overall compliance framework.
What happens if I fail to comply with AFSL obligations?
Non-compliance can lead to significant penalties, including fines, suspension or cancellation of the AFSL. It can also damage your reputation and lead to increased scrutiny from regulators.