Golden Financial Group Pty Ltd’s AFS licence cancelled

asic afs license

Australian regulator ASIC has announced yesterday that it has cancelled the Australian financial services (AFS) licence of Melbourne based financial services provider, Golden Financial Group Pty Ltd.

The cancellation follows a period of suspension from 18 March 2019.

The regulator has already shared its concern that Golden Financial was not complying with its general licensee obligations. The company failed to lodge its annual financial reports and did not have membership of an external dispute resolution system.

In response to ASIC’s concerns, Golden Financial advised ASIC that it had ceased its financial services business and requested the cancellation of its AFS licence.

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