ASIC cancels Vontelle Pty Ltd credit licence

ASIC has cancelled the Australian credit licence held by Vontelle Pty Ltd (Vontelle).

ASIC found that from around September 2016, Vontelle had not complied with its obligation to maintain the competence to engage in credit activities.

In particular, ASIC was concerned that although Mr James David Gibbs was listed as the key person for the credit licence, he had ceased to be an officer of Vontelle or to perform duties for the licensee.

Vontelle had not notified ASIC that Mr Gibbs ceased to be key person, nor had it applied to vary this condition of its licence.

Related News


ASIC cancels Vontelle Pty Ltd credit licence


Send this to a friend

Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry: