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
Crypto / Digital Assets
South Korea's Kbank to Develop Stablecoin-based Payment Services
04/09/2025
The internet-only bank aims to develop stablecoin-based cross-border payment and remittance services, eyeing expansion in Asia and the Middle East.
Sanctions
Sanctioned Chinese Bank Stops Processing Russia Payments - Reports
03/09/2025
Heihe Rural Commercial Bank has halted Russia payments after EU sanctions prompted other Chinese banks to refuse to accept funds from the bank.
Securities / Derivatives
Taiwan Mandates New Audit and Cyber Rules for Securities Firms
03/09/2025
The new rules set minimum internal audit staffing levels and require cybersecurity self-assessments for firms seeking to expand their business or open new branches.
Securities / Derivatives
Taiwan Raises Onshore Investor Cap for Offshore Funds to 90pc
03/09/2025
The FSC will permit a higher domestic investment ratio for offshore fund managers who establish core asset management operations, such as research or trading, in Taiwan.
AML / KYC
Luxembourg Fines Alipay Europe for AML Breaches
03/09/2025
The CSSF identified significant failures in transaction monitoring, customer due diligence, and outsourcing oversight at the electronic money institution.
ASIC Seeks Industry Input on Major Regulatory Simplification Drive
03/09/2025
ASIC has cut over 9,200 pages of regulation and is piloting consolidated rules in a multi-year bid to reduce compliance costs and complexity for firms.
AML / KYC
SFC Bans Former UBS Director for Life Over Money Laundering Conviction
03/09/2025
The SFC has permanently barred Suen Kin-wing following convictions for laundering over HKD 134 million and breaching court injunctions.
AML / KYC
AUSTRAC Fines Revolut Payments for Late IFTI Reporting
03/09/2025
AUSTRAC said Revolut Payments self-disclosed the reporting failures and subsequently implemented remedial controls.
Securities / Derivatives
BSP Clarifies UITFs with Foreign Placements Eligible for PERA
28/08/2025
A central bank memorandum confirms locally-registered UITFs with foreign investments can be eligible as PERA investment products.
Securities / Derivatives
Shanghai Bourse Eases Disclosure Burden for Listed Companies
28/08/2025
Revised guidelines streamline corporate disclosure rules to reduce compliance costs and improve investor communication.
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