Carwardine Financial alters process after ASIC compliance review
Brisbane-based Australian financial services licensee (AFSL) Carwardine Financial Services (CFS) is finalising updates to its advice processes following an Australian Securities and Investment Commission’s (ASIC)-recommended review of its compliance strategies.
CFS agreed to engage an independent expert to remodel compliance practices in December 2016 as the result of recommendations made by the regulator during an external review.
ASIC said the independent expert was satisfied CFS now had stable compliance arrangements to meet the outlined agreements in its ASFL.
The compliance review of the firm was conducted within a range of financial services laws, and the regulator acknowledged CFS’ cooperation on the inquiries made.
AUTHOR
Hope William-Smith
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