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
AML / KYC
NZ FIU Calls for Help to Combat Transnational Organised Crime
16/03/2022
Reporting entities are “uniquely positioned” to detect TNOC activity through the implementation of preventive measures and reporting to the FIU.
Fintech / Regtech
BSP to Initiate Pilot Project to Test CBDC Use Cases
16/03/2022
The BSP is looking to explore the use of CBDC in account-based distribution of cash assistance, as well as in cross-border money transfers.
AML / KYC
AUSTRAC Proposes Amendments to AML/CTF Rules
16/03/2022
A new consultation paper proposes to exempt FIs that are already enrolled with AUSTRAC from registration on the DCE Register when offering digital currency exchange services.
ESG / Sustainability
HKEX Listing Committee Outlines Policy Agenda for 2022
16/03/2022
HKEX will review the IPO eligibility requirements for technology firms, optimise the IPO price discovery process, and enhance ESG standards and climate disclosures.
AML / KYC
Tencent Faces Record Penalty Over AML Breaches – Report
16/03/2022
The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.
ESG / Sustainability
BOJ to Launch New Climate Survey in Fiscal 2022
15/03/2022
The survey will seek responses from market participants to assess the functioning of Japanese financial markets in relation to climate change.
Securities / Derivatives
Japan FSA to Compel Listed Firms to Disclose Gender Ratios
15/03/2022
An FSA task force is discussing new rules that would require listed companies to disclose their ratios of women in managerial positions.
Singapore to Introduce Points-based Visa System for Foreigners
15/03/2022
Singapore is seeking to attract higher-calibre foreign workers with “super skill sets” under a new points-based visa system.
Market Infrastructure
Philippine Regulators Issue Guidelines on Streamlining Bank M&As
10/03/2022
Five agencies including the BSP and SEC will have a total 55 business days to process merger, consolidation, acquisition applications from banks.
Hong Kong FRC Consults on New Regulatory Powers
10/03/2022
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
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