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
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.
Anti-Money Laundering
Worldclear Leaks Expose AML Lapses at New Zealand Payments Firm
13/05/2026
A leak shows the New Zealand financial services provider processed millions for high-risk clients, highlighting regulatory gaps and AML control failures.
Tokenisation
Korea Taps DB Securities for Busan Carbon Asset STO Platform
13/05/2026
The project will test the tokenisation of carbon reduction revenue rights for fractional investment under a government-backed initiative in Busan.
Anti-Money Laundering
Philippines BSP Mandates Tighter Controls on Digital Payments
12/05/2026
The central bank has clarified that banks retain primary AML liability even when using third-party payment aggregators for merchant services.
Reporting & Disclosures
New Zealand Finalises Guidance on Sustainability-Related Claims
12/05/2026
The FMA has released its updated disclosure framework for sustainable financial products, emphasising clarity and the prevention of greenwashing.
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