Posts By Sanday Chongo Kabange, Regulation Asia
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291New Zealand DIA Publishes Guidance on AML/CFT Approach & Strategy
Sanday Chongo Kabange, Regulation Asia July 6, 2022The first publication covers the DIA's approach to regulating AML/CFT. The second outlines how the DIA uses its compliance and enforcement toolkit.
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326Hong Kong, China to Launch ‘Swap Connect’ in Six Months
Sanday Chongo Kabange, Regulation Asia July 5, 2022Swap Connect will initially enable Hong Kong and international investors to trade in Mainland interest rate swaps, and potentially other derivatives in futures.
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331New Zealand Passes Law to Introduce ‘Conduct Licensing’ Regime
Sanday Chongo Kabange, Regulation Asia July 1, 2022Banks, insurers and non-bank deposit takers will be required to obtain a conduct licence from the FMA, on top of their prudential licences from the RBNZ.
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486RBI Issues Draft Rules on Managing IT Outsourcing Risks
Sanday Chongo Kabange, Regulation Asia June 29, 2022Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
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383ASIC Issues Guidance on CCIV Registration, Licensing
Sanday Chongo Kabange, Regulation Asia June 24, 2022To register a CCIV and initial sub-fund, a corporate director would first need to obtain an AFS licence, which can be a variation of an existing licence.
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278IFRS Foundation, VRF Finalise Consolidation Arrangements
Sanday Chongo Kabange, Regulation Asia June 24, 2022The consolidation will support the sustainability reporting work of the ISSB, which is also working to establish an MOU with GRI.
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404AUSTRAC Focuses Efforts on Gambling Sector, Prosecutions
Sanday Chongo Kabange, Regulation Asia June 23, 2022AUSTRAC CEO Nicole Rose says the gambling sector must invest in robust compliance and AML programmes.
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315Thai SEC Partners With CDP to Drive Environmental Disclosures
Sanday Chongo Kabange, Regulation Asia June 23, 2022The SEC and CDP will co-develop a programme to improve the quantity and quality of environmental disclosures from corporates and FIs in Thailand.
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378Korea Post Offices to Start Offering Simple Banking Services
Sanday Chongo Kabange, Regulation Asia June 22, 2022Korea’s post offices will start offering deposit, withdrawal, balance inquiry and ATM services of four banks - Kookmin, Shinhan, Woori and KEB Hana.
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436Hong Kong Travel Restrictions Hindering Wealth Connect – Reports
Sanday Chongo Kabange, Regulation Asia June 22, 2022Wealth Management Connect had attracted only 0.3 percent of the total quota since its inception in October. HKIFA calls for an end to quarantine rules.
