Licensing & Regulatory
Compliance
The Australian ADI and FinTech sectors have proved resilient in the face of adversity. Although CoVID-19 has caused upheaval, the fundamentals for both sectors remain sound.
Gen Advisory assists ADIs and FinTechs with licensing and regulatory compliance requirements. Our holistic approach ensures that we help ADIs and FinTechs not just to reduce risk, but also to achieve value creation.
How We Can Help
As regulation and compliance specialists, Gen Advisory provides Australian ADIs and FinTechs with end-to-end support in the following areas:
ASIC
Australian Credit License (ACL) applications
Australian Financial Services License (AFSL) applications
Ongoing ACL and AFSL compliance requirements
Foreign Financial Services Providers (FFSPs)
Enhanced Regulatory Sandbox
AUSTRAC
AUSTRAC registration
AUSTRAC Reporting Entity obligations
AML-CTF Programs and Risk Assessments
ACCC
Consumer Data Right (CDR) implementation
Accredited Data Recipient (ADR) criteria
APRA
Restricted and Unrestricted ADI license applications
Provider of Purchased Payment Facility (PPF) authorizations
APRA Prudential Standards for ADIs
APRA regulatory reporting
Gen Advisory is an ASIC Registered Agent. Our ASIC Registered Agent number: 45485.
At a Glance
FinTech Ecosystem in Australia
Australian ADI Sector
As at 30 June 2020
