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Sophie Grace Legal - Financial Services Licence & Compliance Specialists

Sophie Grace Legal is a leading Australian firm providing legal and compliance services for the financial services and credit industries. We service both Australian and international clients across the financial sector. Being independently owned and managed we ensure our clients receive the very best service, transparency and value for money.  In keeping with industry best practice, we do not pay or accept commissions in connection with any of the services we provide.

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AFS Licence Applications

Sophie Grace can assist you with all stages of obtaining an Australian Financial Services Licence (AFSL). We provide two standard service offerings and can create a package to best suit your business’ needs.

1. Full Service AFSL Application and
2. Templates for your AFSL Application

AFS Compliance Services

Sophie Grace provides important services to your business to ensure that the regulatory requirements for Australian Financial Services Licences (AFSL) holders are met. 
Sophie Grace can provide your business with ongoing compliance solutions whether on a monthly, quarterly or yearly basis.

Australian Credit Licences

Sophie Grace is equipped to help your business engaged in credit activities to meet its obligations under the national consumer credit laws. All businesses engaged in certain credit activities are required to have an Australian Credit Licence (ACL).

AML/CTF

Sophie Grace has real experience with AML/CTF requirements in Australia. Clients are given confidence that their AML/CTF needs are not only met but are effective and efficient.  We also conduct external reviews as required under the AML/CTF Act.

Legal Services

Sophie Grace offers legal solutions for your business needs. We can help you deal with financial services and corporate law issues, provide effective advice and prepare and review the relevant legal documentation.  There are a myriad of laws governing the conduct of business in Australia.

Training & Education

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk based approach to counter the money laundering problem. The obligations under the AML/CTF Act are imposed on a wide range of financial services.

Sophie Grace Legal Team

Sophie Gerber

Director (Legal and Compliance)

Quynh Truong

Manager of Licensing and Compliance

Sarah Murray

Compliance Consultant

Melody Gao

Lawyer

Angela Yang

Lawyer

Victoria Dryden

Lawyer

Sophie Gerber

Areas: Sophie is a director of both Sophie Grace Legal Pty Ltd and Sophie Grace Pty Ltd.

Common tasks: Sophie meets with clients to help them understand their compliance and legal requirements. She works with them to tailor appropriate solutions for their business. Sophie also provides compliance training seminars to clients.

Experience: Sophie has worked with some of Australia’s largest financial services organisations in compliance, legal and operational roles. She has also worked with small businesses to provide tailored solutions with a strong understanding of business practicalities as well as obligations to regulators.

Education: Sophie has a Bachelor of Commerce and a Bachelor of Law from the University of Sydney, and has also spent a year studying finance at Boston University. Sophie is admitted as a solicitor in NSW.

Quynh Truong

Areas: Quynh Truong works with Sophie Grace Pty Ltd with a focus on compliance.

Common Tasks: Quynh specialises in obtaining ACL and AFSL applications and variations for clients as well as providing ongoing compliance support in the form of compliance program implementation and reviews.

Experience: Prior to joining Sophie Grace Pty Ltd, Quynh worked as a solicitor in the areas of compliance, banking and finance, debt recovery and commercial litigation.

Education: Quynh has a Bachelor of Medical Science from the University of New South Wales, a Master of Law and Legal Practice from the University of Technology, Sydney and a Graduate Diploma in Corporate, Securities and Finance Law at the University of Sydney. She is admitted as a solicitor in NSW. 

Sarah Murray

Areas: Sarah works with the Compliance Team with a particular focus on compliance and legal services. Sarah also works with the Legal Team providing ongoing assistance in drafting and reviewing documentation as well as legal research.

Common Tasks: Sarah assists clients with AFSL and ACL applications, variations and also assists in the implementation of compliance reviews. She provides ongoing compliance support in the form of compliance program implementation and reviews.

Experience: Prior to joining Sophie Grace Pty Ltd, Sarah’s experience included customer service and office support roles.

Education: Sarah has a Bachelor of Socio-Legal Studies from the University of Sydney.

Melody Gao

Areas: Melody assists in preparing, reviewing and negotiating legal documentation for participants in the financial services industry. Melody also assists with developing, reviewing and amending compliance documentation. She also supports the Compliance Consultants with the preparation of AFSL and ACL applications, variations and compliance reviews.

Common tasks: Melody provides ongoing legal support and also assists in implementing ongoing compliance support, updating procedural documentation and preparing compliance reporting for Compliance Committees and Boards of Directors.

Experience: Prior to joining Sophie Grace Pty Ltd, Melody worked as a paralegal.

Education: Melody has a Bachelor of Actuarial Studies and a Bachelor of Laws from the Australian National University. She is admitted as a solicitor in NSW.

Angela Yang

Areas: Angela works with the Legal Team on the drafting and review of legal documentation for participants in the financial services industry. She also works with the Compliance Team with a particular focus on drafting and tailoring compliance documentation to client’s needs. She also assists with AFSL and ACL applications, remittance registration and compliance reviews.

Common Tasks: Angela assists with the preparation of legal documentation for our clients, and also assists our compliance consultant in implementing ongoing compliance support, updating procedural documentation and preparing compliance reporting for Compliance Committees and Board of Directors.

Experience: Prior to joining Sophie Grace Pty Ltd, Angela worked as a legal intern.

Education: Angela has a Bachelor of Laws and a Bachelor of Actuarial Studies from the Australian National University. She is admitted as a solicitor in the ACT.

Victoria Dryden

Areas: Victoria works primarily with the legal services team at Sophie Grace Legal and assists in the drafting and review of legal documentation for participants in the financial services industry. Victoria also supports the Compliance Consultants in the provision of AFSL, ACL and on-going compliance services to clients.

Common Tasks: Victoria provides advice and legal services to clients and assists with the preparation of legal documentation, negotiation and advocacy on behalf of clients. Victoria also assists in implementing ongoing compliance support and the preparation of AFSL and ACL applications and variations.

Experience: Prior to joining Sophie Grace Pty Ltd, Victoria worked as a contract lawyer in London for two years. Prior to this she practiced for three years as an intermediate litigation lawyer in New Zealand, specialising in civil litigation and employment law.

Education: Victoria has a Bachelor of Laws and a Bachelor of Arts from Victoria University in Wellington. She is admitted as a Barrister and Solicitor in New Zealand and a Solicitor in New South Wales.

Sophie Grace assists a variety of businesses on a daily basis with all stages of obtaining an Australian Financial Services Licence (AFSL). We provide two standard service offerings and can create a package to best suit your business’ needs.

  1. Full Service AFSL Application

  1. Templates for your AFSL Application

Sophie Grace works with numerous businesses across the financial services industry. Some examples include the following:

The basic steps you need to follow when obtaining an AFSL are:

  1. Determine what authorisations are needed
  2. Choose the Responsible Managers
  3. Draft Documents for ASIC
  4. Additional Proof Documentation (if required)
  5. Prepare Ongoing Compliance Program and Compliance Assistance

Read more about the AFSL application process and requirements.

Sophie Grace is able to provide ongoing compliance support or external compliance reviews to AFSL holders in order to ensure maintenance with the legislative and regulatory requirements.

If you would like to obtain further information or assistance regarding an AFSL Application, please contact Sophie Grace directly.

Sophie Grace is equipped to assist your business engaged in credit activities to meet its obligations under the national consumer credit laws. All businesses engaging in the following credit activities are required to hold an Australian Credit Licence (ACL):

  • Credit Providers;
  • Credit Service Providers;
  • Finance Brokers;
  • Lenders and Lessors;
  • Mortgage Managers or Aggregators; and
  • Other Intermediaries.

We provide two standard service offerings and can create a package to best suit your business’ needs:

  1. Full Service ACL Application
  2. Templates for your ACL Application

The basic steps you need to follow when obtaining an ACL are:

  1. Determine what authorisations are needed
  2. Choose the Responsible Managers
  3. Draft Documents for ASIC
  4. Additional Documentation (if required)
  5. Prepare Ongoing Compliance Procedures and Processes

Read more about the ACL application process and requirements.

Sophie Grace is able to provide ongoing compliance support or external compliance reviews to ACL holders in order to ensure maintenance with the legislative and regulatory requirements.

If you would like to obtain further information or assistance regarding an ACL Application, please contact Sophie Grace directly.

The Anti-Money Laundering and Counter-Terrorism Financing Act (AML/CTF) imposes a risk based approach to counter money laundering.

The obligations under the AML/CTF Act are imposed on a wide range of financial services and credit organisations including:

Sophie Grace has real and extensive legal and compliance experience with AML/CTF regulation in Australia. With skills in AML/CTF, risk identification and compliance framework design, clients are given confidence that their AML/CTF needs are not only met but are effective and efficient. 

Sophie Grace can provide you with an AML/CTF Program tailored to your businesses to ensure that you continue to comply with the obligations under the AML/CTF Act and Rules.

Sophie Grace will work with your business to achieve AML/CTF compliance. For more information on AML/CTF in Australia, please contact Sophie Grace directly.

Sophie Grace offers legal solutions for your business. We can help you deal with financial services and corporate law issues, provide effective advice as well as prepare and review relevant legal documentation.  

Managing a company in Australia can be confusing and time-consuming as there are a myriad of laws governing the conduct of business in Australia.

Sophie Grace has valuable experience which can assist you in relation to the following aspects:

The Sophie Grace Legal team can also assist you with Starting up your Business and has developed a Business Guide to assist you throughout the whole process.

We can advise and assist you on:

If you would like to obtain further information or assistance, please contact Sophie Grace directly.