It has become increasingly important to monitor your Australian
Financial Services Licence (AFSL) and Australian
Credit Licence (ACL) numbers across a range of
platforms to prevent individuals from utilising your licence number
and company information to conduct fraudulent activities.
There have been a number of scams related to the fraudulent use
of licences, including scammers creating websites and promotional
materials to entice customers by using the Australian Business
Number, AFSL or ACL number and registered company name of several
licensees.
The highly publicised case of Melissa Caddick, the Director of
Maliver Pty Limited is a well-known example of such fraudulent
activity which resulted in an investigation by the Australian
Securities and Investments Commission (ASIC).
ASIC's investigation found that Melissa Caddick may have
been providing financial services through the use of another
company's AFSL without their permission. Through the fraudulent
use
