Yechiel Belfer

Special Counsel

Baker & McKenzie

Melbourne

T + 61 3 9617 4307

Email
Vcard

Biography

Yechiel is a Special Counsel in the Melbourne office. His primary focus is in the regulation of financial services and consumer credit. He has more than 12 years' experience in advising a broad range of clients, ranging from established financial institutions to fintechs, both local and offshore.

Practice Focus

Yechiel has extensive experience advising on a range of regulatory matters that impact financial services providers, including in relation to financial services licensing and regulation; credit licensing and consumer credit; anti-money laundering (AML) regulation; payments systems (including stored value cards and eWallets); privacy (including credit reporting); distribution and disclosure (and establishment) of a wide range of banking and financial products; PPSA security interests (Personal Property Securities Act); and funds management (Chapter 5C).

Representative Legal Matters

Advised Australian banks extensively on AML, Chapter 7, Privacy and consumer credit regulation.
Advised foreign banking institutions on applicability of Australian regulatory regimes.
Assisted clients responding to regulators (including ASIC and AUSTRAC) and the Royal Commission.
Advised foreign entrants in relation to payment gateways and card acquiring.
Advised e-marketplace and money transfer global businesses on FSR and AML in relation to its remittance arrangements.
Acted on all matters relating to establishing agency-banking distribution of co-branded credit cards.
Advised in relation to transitioning in-store leasing / payment product to wholly online process.
Advised on the development and implementation of wealth management, insurance and superannuation adviser app (with underlying automated rules engine).
Licensing of global foreign exchange and derivatives online trading platform and for international dynamic currency conversion provider.

Admissions

Victoria~Australia (2006)

Baker & McKenzie, an Australian Partnership, is a member of Baker & McKenzie International, a Swiss Verein.