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The Australian Financial Services License (AFSL) is a mandatory certification for financial service providers operating in Australia. Issued by the Australian Securities and Investments Commission (ASIC), this license ensures compliance with Australian financial laws, consumer protection regulations, and anti-money laundering (AML) obligations. It is crucial for businesses involved in investment, financial planning, superannuation, and insurance services. Holding an AFSL signifies that a business is legally authorized, trustworthy, and meets the strict regulatory standards set by the Australian government, allowing them to operate effectively and securely in the financial industry.
