ASIC suspends Australasia Wealth Services and Management’s AFS licence

ASIC has suspended the Australian financial services (AFS) licence of Sydney-based financial services provider Australasia Wealth Services Management Pty Ltd (AWSM) until 25 June 2019. AWSM had breached its financial reporting and audit obligations and the requirement to obtain membership of the Australian Financial Complaints Authority (AFCA). AWSM’s licence suspension took effect from 27 March …

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