ASIC cancels ICBC Capital’s licence
The Australian Securities and Investments Commission (ASIC) has cancelled the Australian Financial services (AFS) licence of ICBC Capital, formerly known as Komodo Capital, following the company's liquidation earlier in March.
According to ASIC, the application to place ICBC in liquidation was made by a creditor due to the company's insolvency.
As a consequence of the cancellation, ICBC and its authorised representatives would no longer be able to provide any financial services.
The AFS licence was cancelled in June.
AUTHOR
Oksana Patron
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