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

    Fraud, Scams & Cybercrime

    Hong Kong Freezes HKD 8.9 Billion in Assets Linked to Prince Group Founder

    15/05/2026

    Hong Kong’s High Court has granted a restraining order against assets tied to alleged fraud, impacting numerous financial accounts.

    Structural Regulation

    Australia Boosts ASIC Funding for Managed Funds Oversight After High-Profile Collapses

    14/05/2026

    ASIC will receive new funding to enhance supervision of managed investment schemes, following recent high-profile collapses and a review of the sector.

    Structural Regulation

    Australia Proposes Capital Gains Tax Overhaul in Federal Budget

    14/05/2026

    The 2026-27 federal budget introduces significant tax reforms, replacing the capital gains discount with indexation and a minimum tax, while also curtailing negative gearing benefits.

    Structural Regulation

    Korea FSS Tackles Complex Fund Disclosures With New Task Force

    14/05/2026

    The regulator has launched a task force to create a standardised risk template for fund prospectuses following a damning consumer survey.

    Conduct, Culture & Accountability

    Hong Kong Set to Launch Cross-Sector Misconduct Reference Checks

    14/05/2026

    A new mandatory reference checking scheme between the banking and insurance sectors will launch in July to prevent individuals with misconduct histories from moving between firms.

    Anti-Money Laundering

    Taiwan Hits Taichung Bank With Record Fine, Capital Add-On for AML Failures

    14/05/2026

    The FSC imposed a TWD 32 million penalty and a Pillar 2 capital charge following the discovery of widespread internal control and KYC deficiencies.

    Structural Regulation

    Australia Proposes to Expand Central Bank's Information Sharing Powers

    14/05/2026

    New regulations will allow the RBA to share protected information with domestic cyber security, border, and debt management agencies.

    Resolution & Recovery

    RBNZ Sets Out Timeline for New Deposit Takers Regime

    13/05/2026

    The central bank has detailed key deadlines for consultations, relicensing, and the first levies under the new Deposit Takers Act.

    Structural Regulation

    APRA Proposes New Bank Licensing Framework, Scraps RADI Pathway

    13/05/2026

    The regulator is consulting on a new, more transparent licensing regime for local banks, introducing legally binding criteria and fixed timelines.

    Structural Regulation

    Australian Regulators Unveils Implementation Plan for Regulatory Reform Roadmap

    13/05/2026

    Australian regulators have released an implementation plan with over 50 initiatives to improve efficiency, streamline data collection, and reduce duplication.

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