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.
Market Infrastructure
Hong Kong ‘Actively Pursuing’ Closer Integration With Mainland
20/06/2025
Hong Kong will continue to explore further enhancements to the WMC scheme and ways to broaden Hong Kong professionals’ entry into the Mainland market.
Fintech / Regtech
South Korea Launches Enhanced “MyData 2.0” Service
19/06/2025
“My Data 2.0” incorporates seven improvements announced in April 2024 including enhanced consumer protections.
Enforcement
ACCC Fines NAB Over CDR Data Quality Issues
19/06/2025
The ACCC said NAB’s payment of the penalties is the highest amount paid for alleged contraventions of the CDR rules to date.
Crypto / Digital Assets
DTIF Urges Malaysia SC to Adopt DTI Standard for Tokenised Products
18/06/2025
The DTI Foundation said the use of the ISO 24165 DTI standard in disclosures will enhance investor protection and market integrity.
Market Infrastructure
New Zealand FMA Gives NZX Top Marks in Latest Review
18/06/2025
Only two recommendations were made, one around testing participant resilience and the other around assessing system recovery arrangements.
APRA Proposes Updates to Naming Exemptions Under Banking Act
18/06/2025
APRA is proposing to remake two instruments under the Banking Act instruments and allow one to subset in October.
AML / KYC
Thailand Announces Five-Year Tax Exemption for Crypto Trading
18/06/2025
Thailand waives capital gains and VAT on crypto transactions for five years to “stimulate the digital asset economy”.
Philippines: New Rural Bank Emerges from Four-Entity Merger
18/06/2025
The BSP said Agribank has started operations, representing the combined entity following a merger of four agricultural rural banks.
Enforcement
SFC Suspends Licensed Rep Over Undisclosed Personal Dealings
18/06/2025
The Rifa Securities representative failed to disclose personal securities trading via another brokerage firm for three years.
Crypto / Digital Assets
HKMA Consults on New Return Templates for Reporting Cryptoassets
17/06/2025
HKMA said the revised return templates will help guide system developments of banks as they prepare to implement the BCBS standard.
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