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
KYC & CDD
Korea to Give Fintechs Access to Government ID Verification System
13/07/2026
The move aims to combat financial crime by allowing payment firms like Naver Pay, Kakao Pay and Toss to verify photo IDs against a government database.
Conduct, Culture & Accountability
ASIC Widens Scrutiny to Big Four Audit Firms After KPMG Scandal
10/07/2026
ASIC is reviewing audit conduct at the Big Four, following allegations that KPMG staff misused confidential client data.
Fraud, Scams & Cybercrime
SFC Mandates Phishing-Resistant Logins for Brokers and Crypto Platforms
10/07/2026
The SFC has ordered firms to replace one-time passwords with stronger methods like passkeys within 12 months to combat rising account takeover fraud.
Reporting & Disclosures
South Korea Finalises Mandatory ESG Disclosure Rules
10/07/2026
The rules will apply to large KOSPI-listed firms from 2028, with a phased expansion and mandatory third-party verification from 2030.
Structural Regulation
APRA Issues Guidance on Reporting Co-located Bank Services
10/07/2026
The new guidance clarifies how banks should report shared physical locations to ensure data consistency as business models and service channels evolve.
Fraud, Scams & Cybercrime
Korea Orders Tighter Controls After Phishing Attack Hits Brokerage
10/07/2026
The FSS has highlighted internal control failings after a fraudulent email attack led to multi-billion won in losses for a foreign investor.
Credit Risk
APRA Updates Recognition Rules for External Credit Aassessment Institutions
10/07/2026
APRA has clarified pathways for recognising external credit assessment institutions, now explicitly including their use by insurers.
Structural Regulation
Philippines Set to Lift Moratorium on New Online Lenders on 1 Aug
10/07/2026
The SEC is ending its nearly five-year freeze on new online lending platforms, introducing a strict new framework with higher capital requirements and enhanced consumer protection rules.
Reporting & Disclosures
Australia Merges Standard-Setters to Form New Reporting Body
10/07/2026
Australia has overhauled its financial reporting landscape, merging three key bodies into a single entity responsible for accounting, audit, and new sustainability standards.
Conduct, Culture & Accountability
BSP Proposes New Financial Consumer Protection Framework
09/07/2026
The BSP has drafted rules to establish a distinct supervisory and enforcement regime for financial consumer protection.
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