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

    Anti-Money Laundering

    AUSTRAC Orders External Audit of NSW Club Over AML Weaknesses

    21/05/2026

    AUSTRAC has ordered a major Sydney club operator to appoint an external auditor amid concerns over money laundering controls for poker machines.

    Conduct, Culture & Accountability

    FMA Sets Out Expectations for New Zealand Insurance Act

    21/05/2026

    New Zealand’s financial regulator has warned insurers to begin preparations now for the new Contracts of Insurance Act, which comes into force in November 2027.

    Market Data & Technology

    SFC Mandates Firms to Participate in Rehearsal for HKEX Network Upgrade

    21/05/2026

    Regulators are requiring exchange participants to test a significant network overhaul, with a focus on operational readiness and investor ID systems.

    Supervision & Enforcement

    Evergrande Liquidators Seek USD 8.4 Billion from PwC in Hong Kong Lawsuit

    21/05/2026

    The lawsuit, one of the largest in Hong Kong’s history, targets PwC’s global, Hong Kong and mainland China entities over alleged audit negligence.

    Clearing & Post-Trade

    Korea to Host Forum on T+1 Settlement, Eyes 2027 Launch

    21/05/2026

    Authorities and industry will discuss the move to a shorter settlement cycle, aiming to align with global trends despite significant operational hurdles.

    Stablecoins

    Japan's Ruling Party Approves AI and On-Chain Finance Blueprint

    21/05/2026

    The policy proposal calls for a five-year roadmap to develop a new financial infrastructure using tokenised deposits, yen stablecoins, and AI.

    Stablecoins

    Japan Finalises Rules, Creating Legal Path for Foreign Stablecoins

    20/05/2026

    The regulator has amended key ordinances, allowing certain foreign trust-based stablecoins to be treated as payment instruments, not securities, from 1 June.

    Structural Regulation

    Australia Overhauls Foreign Investment Rules to Fast-Track Low-Risk Deals

    20/05/2026

    The government has announced reforms to streamline approvals for low-risk investments while increasing scrutiny over sensitive sectors and national security risks.

    Market Data & Technology

    APRA to Publish Separate Data on Cyber, Management Liability Insurance

    20/05/2026

    The regulator is consulting on a new format for its national insurance database, proposing to publish key product line data separately.

    Structural Regulation

    ASIC Details Progress on Multi-Year Regulatory Simplification Drive

    20/05/2026

    The regulator has outlined key achievements in reducing compliance burdens and plans for further digital transformation and cross-agency collaboration.

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