Sanday Chongo Kabange

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    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

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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.

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    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”.

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    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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