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
Cybersecurity
BSP Extends Cyber Risk Management Software to All Banks, VASPs
10/12/2024
The BSP said it is expanding the use of its cyber risk management software known as ASTERisC* to all banks and VASPs.
Conduct, Culture & Accountability
AFCA ‘Refines’ Approach to Dispute Resolution Following Review
10/12/2024
AFCA said it has completed a 3-year programme to respond to an independent review of its operations and “redefined” its approach to external dispute resolution.
Conduct, Culture & Accountability
ASIC Calls on Government to Ban Unfair Trading in Financial Services
10/12/2024
ASIC’s Alan Kirkland says the proposed ban is needed to combat “dark patterns” which “distort, subvert, and undermine consumer choice”.
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.
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