The Australian Securities & Investments Commission has cancelled the Australian financial services licence of Auric International Markets Pty Ltd (AIMS), a forex and derivatives brokerage firm, with the cancellation effective from 11 August 2025. ASIC linked the decision to AIMS’ failure to meet key AFS licensee obligations. ASIC cited failures to submit financial statements, comply with relevant financial services laws and meet organisational competence requirements. The firm also failed to pay industry funding levies for more than 12 months and did not notify ASIC of changes to company details, including business addresses and officeholders. AIMS held AFS licence 430091 from 12 December 2012 to 13 August 2025 and was authorised to provide financial product advice and deal in financial products including derivatives, foreign exchange contracts, debentures and securities to wholesale clients. AIMS may apply to the Administrative Review Tribunal for review of ASIC’s decision.
Australian Securities & Investments Commission 2025-09-09
Australian Securities & Investments Commission cancels Auric International Markets’ AFS licence after reporting, competence and levy failures
The Australian Securities & Investments Commission (ASIC) has cancelled the Australian financial services licence of Auric International Markets Pty Ltd (AIMS) due to non-compliance with key obligations, effective 11 August 2025. AIMS failed to submit financial statements, comply with financial services laws, meet organisational competence requirements, pay industry funding levies, and notify ASIC of changes to company details. AIMS, which held licence 430091 since 2012, may seek a review of the decision by the Administrative Review Tribunal.