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
KYC & CDD
Australia Sets Out Beneficial Ownership Disclosure Policy for Unlisted Companies
09/12/2024
Beneficial ownership information will be accessible to journalists, academics, AML/CTF reporting entities, regulators and law enforcement.
Anti-Money Laundering
HKMA Fines China CITIC Bank for Transaction Monitoring Deficiencies
08/12/2024
The HKMA said 13 out of a total of 33 detection rules and two core model rules had not been implemented as intended.
Fraud, Scams & Cybercrime
Australia ACMA to Collaborate with UK Ofcom on Combatting Scams
08/12/2024
The ACMA and Ofcom will collaborate and share information to tackle the “pervasive scourge” of spam and scam communications.
Stablecoins
Hong Kong Announces Gazettal of Stablecoins Bill
08/12/2024
The bill will implement a licensing and regulatory regime for issuers of fiat-referenced stablecoins. The first reading is set for 18 December.
Custody & Infrastructure
Thai SEC Revises Capital Requirements for Crypto Firms
05/12/2024
The revised requirements aim to increase trust in the digital asset market and enhance investor protection.
Conduct, Culture & Accountability
ASIC Publishes Industry Complaints Data for the First Time
05/12/2024
ASIC says over 4.7 million complaints reported indicate that some financial firms may not be reporting complete and accurate IDR data.
Fraud, Scams & Cybercrime
Australia Directs ACMA to Operate ‘Mandatory’ SMS Sender ID Register
05/12/2024
The ACMA is directed to develop an enforceable industry standard for a mandatory ‘SMS Sender ID Register’ to protect against scams.
Reporting & Disclosures
New Zealand FMA Reviews First Climate Statements under CRD Regime
04/12/2024
The FMA is “encouraged” by the first climate statements filed by climate reporting entities and acknowledges the challenges they face.
Fraud, Scams & Cybercrime
HKMA Announces Two New Anti-Scam Measures for Banks
04/12/2024
“Money Safe” will allow customers to segregate a portion of their deposits and protect it from fund outflows, similar to Singapore’s “Money Lock”.
Anti-Money Laundering
Australian Police Dismantle Money Laundering Syndicate
03/12/2024
The AFP has arrested four men and dismantled an organised crime syndicate that allegedly laundered A$10mn of criminal proceeds.
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