Felix Hu
Felix is a senior associate in the Financial Services Regulatory Team based in Sydney, specialising in financial services law and regulation, AML/CTF, payments and FinTech.
Felix specialises in advising clients on Australian consumer credit and financial services law, payment systems regulation and anti-money laundering and counter-terrorism financing legislation. He also has expertise in advising on financial services law reform and regulatory change.
Felix was a regulator at ASIC for over 2 years. At ASIC, Felix was closely involved with the formulation of policy and liaising with industry and government agency stakeholders in response to regulatory change and financial services law reform.
Background
Felix holds a Master of Laws (LLM) from the University of Sydney and a Juris Doctor from the University of Melbourne. He also holds a Bachelor of Science (Advanced Mathematics) from the University of Sydney.
Experience & expertise
Selected matters
- retail and wholesale banks in their responses to recent amendments to the unfair contract terms review
- the Australian Financial Markets Association in relation to its application for a no-action position from ASIC in respect of the unfair contract terms regime and institutional standard form contracts
- secondment to international bank to assist with updates to the terms and conditions for their Wealth and Personal Banking products and services
- an international fintech on the regulatory obligations of their APAC operations including cross-border provision of wallets into Australia and restructuring of their payment system
- Australian retailer on the transition of its white-labelled credit card product between issuers including in relation to contractual negotiations and on seeking regulatory relief from ASIC
- established fintech on its white-labelled and integrated payment services including in respect of AFS licencing and AML/CTF obligations
- international fintech on the AFS licensing implications of providing novel digital-wallet product for its card acquiring customers
- major international bank on its IFTI reporting obligations in connection with its cross-border trade finance payment flows
- securities brokerage in relation to AUSTRAC’s external audit of its compliance with the AML/CTF Act
- several asset managers on their AML/CTF obligations including engaging with AUSTRAC on a remediation process
- major crypto-currency exchanges on the AFS and markets licence implications of its payments, crypto-wallet and proposed derivatives and CFD offerings
Sectors
Services
