Sanday Chongo Kabange
Sanday Chongo Kabange is an experienced multimedia journalist and a contributor to Regulation Asia. He focuses on compliance, regulatory and legal issues for financial services.
Articles by Sanday Chongo Kabange
Enforcement
Korea: BNK Establishes Dedicated Team to Enhance Internal Controls
23/08/2023
The internal control analysis team is a response to multiple cases of misconduct by employees at BNK Kyongnam Bank.
AML / KYC
Wolfsberg Group Responds to FATF Consultation on NPO Standards
23/08/2023
It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.
Crypto / Digital Assets
New Zealand: Collapsed Crypto Firm Reported to FMA, SFO
22/08/2023
Grant Thornton has contacted regulators about a NZ$6.3 million shortfall between reported user holdings and the digital assets held by collapsed crypto firm Dasset.
Capital / Liquidity
SGX RegCo Issues Alert Against Dasin Retail Trust
22/08/2023
An individual apparently bought units to push up the price of Dasin Retail Trust, a China retail property trust providing exposure to the GBA.
ESG / Sustainability
BSP Signs UN-backed Principles for Responsible Investment
22/08/2023
Becoming a PRI signatory will help the BSP enhance its integration of ESG factors in its investment process and decision-making.
Market Infrastructure
Indonesia, Singapore Start QR Payment Interconnection Trial
21/08/2023
The QR payment linkage between Indonesia and Singapore is expected to officially launch within H2 2023 after the completion of the trials.
RBI Unveils New Penal Charges Regime to Promote Fair Lending
21/08/2023
The RBI said penal charges in loan accounts should be used to promote credit discipline and not as a “revenue enhancement tool”.
Crypto / Digital Assets
Australia Sentences Crypto Lender for Falsely Claiming it Had Credit Licence
20/08/2023
Helio Lending entered into a A$15,000 good behaviour recognisance bond for a period of 12 months.
Securities / Derivatives
FSC Korea Revises Accounting Rules to Reduce Burden on Stock Companies
18/08/2023
Requirement for smaller stock companies to undergo an external audit of their accounting control systems postponed for five years.
AML / KYC
NZ DIA Warns Money Remitters on Using Third-Party Accounts
17/08/2023
Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.
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