AUSTRALIA FINANCIAL LICENSING
Australian financial licences
From application to ongoing compliance
Start with the actual business model to clarify financial licences and regulatory registrations.
Plan a sound next step for your application, acquisition and company operations.
Rengangyongsheng (Hong Kong) Limited · Third-party application and compliance service provider
OUR CORE SERVICES
Financial licensing and business services, supporting the full business pathway
Choose an entry point that matches the actual business activities; an integrated project may involve both regulatory regimes.
ASIC · AFSL
AFSL Financial Services Licence
Securities, foreign exchange, CFD, funds and investment advice: confirm authorisations according to the financial services, products and client scope.
View services and guides01
AUSTRAC · REMITTANCE
Remittance service provider RSP registration
Independent Remittance Dealers, network providers and network agents: coordinating business models, registration and anti-money laundering compliance.
View services and guides02
AUSTRAC · VIRTUAL ASSETS
Virtual asset services VASP
Exchange, custody, transfer and issuance-related services; clarify designated services and the boundaries of dual regulation.
View services and guides03
CORPORATE · LIFECYCLE
Company registration and ongoing maintenance
Australian company formation, bank account opening, annual reviews, accounting and taxation, supporting the full business lifecycle.
View services and guides04Why choose RGYS
- Direct liaison with Business Manager Drew Tang (Mr Tang).
- Review authorisation boundaries, personnel and capital requirements, and document preparation based on the actual business.
- Coordinate applications, acquisitions and ongoing maintenance, and, where necessary, legal, accounting and compliance matters.
IllustrationIllustrative service process only. The specific scope of services, fees and project arrangements are subject to written confirmation by both parties.
FIRST, UNDERSTAND THE DIFFERENCE
AFSL and AUSTRAC,
No. It is not an either-or choice.
AFSL determines which financial services you can provide and the products and customers involved; AUSTRAC determines the enrolment, registration and anti-money laundering obligations triggered by actual designated services.
The same business may need to comply with both regimes; neither can substitute for the other.
View key comparisons and business considerationsFinancial services licensing
AFSL · Australian Financial Services Licence
- Service activities and financial product authorisations
- Retail / Wholesale customer scope
- Personnel, financial resources and ongoing obligations
Registration, enrolment and anti-money laundering
Enrolment · Registration · AML/CTF
- Statutory designated services and territorial connection
- RSP / VASP Specific Business Registration
- Customer due diligence, monitoring and reporting
CHOOSE YOUR APPROACH
New application or acquisition of an existing entity?
Assess by reference to authorisation alignment, continuity of personnel, historical risk and the actual budget, rather than comparing apparent timeframes alone.
Start with a new application
Map the business model, responsible managers, and financial and compliance capabilities, and prepare materials that reflect the actual operating plan.
Assess application readinessAssess acquisition of a licensed company
Check each item’s authorisation terms, client restrictions, historical liabilities, banks and systems, and confirm control procedures.
Understanding acquisitions and disposalsDigital asset business,
Prepare for the next stage.
VASP anti-money laundering registration is not a financial services licence. The current AFSL rules, the expanded designated services, and the interaction between the regimes for digital asset platforms and tokenised custody platforms should be assessed together.
An acquisition assessment should not be limited to the former label DCE or the existing registration number; also check future authorisations, client asset protection and system upgrade costs.
Guide to digital asset reform and transitionPRACTICAL KNOWLEDGE
Start reading with the key questions
Break complex regimes down into verifiable application, operational and ongoing maintenance requirements.
Formal guide to Australian AFSL financial services licensing
AFSL is a single licence configured by ASIC according to financial services activities, products and client types, not ten separate licences. This guide covers ten activity authorisations, fifteen product classes and twelve business combinations, and explains application requirements, responsible managers, financial resources, documents, acquisition changes and ongoing maintenance, while distinguishing
AUSTRAC VASP guide to registration for five classes of virtual asset designated services
Australian VASP registration covers fiat currency exchange, crypto-to-crypto exchange, custody of virtual assets and private keys, transfers of client assets, and specified financial services involving participation in the issuance and sale of virtual assets. Based on official information as at 5 November 2026, this guide explains business scope, registration and transition, personnel and addresses, capital
RSP Remittance Services Registration Guide
Australian remittance services must obtain the appropriate AUSTRAC registration for their business model and fulfil ongoing anti-money laundering obligations. Verified as at 5 November 2026, this guide separately explains the scope, documentation, personnel, capital, applications, acquisitions and changes for independent remittance dealers, remittance network providers and their affiliates, and
Guide to Australian company registration, bank account opening, annual reviews, accounting and taxation
Establishing an Australian company, opening a bank account and tax registration are connected but separate processes. This guide compares private companies limited by shares, public companies limited by shares, companies limited by guarantee, unlimited companies, no liability companies and registration of foreign companies, and explains the differences between trusts, partnerships and sole traders, covering resident directors, directors
A CLEAR, CONNECTED PROCESS
Not a one-off submission, but an ongoing programme of preparation
Defining the business scope
Products, service activities, client categories and Australian territorial connection.
Gap and pathway assessment
Personnel, funding, company structure and preparation for an application/acquisition.
Materials and communications support
Business planning, compliance framework, document preparation and professional coordination.
Operation and ongoing maintenance
Licence conditions, registration renewals, annual reviews, accounting and tax.
YOUR CONSULTATION PARTNER
Drew Tang （Mr Tang / Drew）
Business Manager · Rengangyongsheng (Hong Kong) Limited
Starting with the actual business model, we assist with coordinating Australian financial licence applications, acquisition assessments, company establishment and ongoing maintenance. Where necessary, we work with Australian lawyers, accountants and specialist compliance personnel on specific matters.
Speak with Mr TangLET’S DEFINE YOUR NEXT STEP
Clarify the business scope first, then plan the application pathway.
Tell us about the proposed business, customer categories and whether you are considering an application or acquisition; Mr Tang will discuss the preparations with you.