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
ESG / Sustainability
Taiwan Updates Rules for Asset Manager Staff Holding Overseas Posts
31/12/2025
The FSC clarified permissible concurrent roles at group entities and imposed new internal control, reporting, and record-keeping requirements.
Enforcement
Vietnam Sets New Penalties for Gold, FX, and Banking Violations
31/12/2025
New decree introduces a tiered penalty system for violations in gold, foreign currency, corporate bonds, and deposit-taking, effective February 2026.
Enforcement
Taiwan FSC Fines Shanghai Commercial Bank Over Staff Fraud, Control Lapses
31/12/2025
The FSC cites systemic failures in monitoring, access controls, and corporate culture; orders the bank to increase its operational risk capital.
AML / KYC
Thailand: BOT, AMLO Tighten Scrutiny on Gold Trading Amid Baht Pressure
31/12/2025
A new task force will target UBOs and suspicious online activity to curb money laundering risks and currency strength.
Fintech / Regtech
Taiwan Launches Major Cybersecurity Overhaul for Financial Sector
31/12/2025
New four-year blueprint mandates resilience-focused rules on governance, AI, and supply chains, linking cybersecurity performance to regulatory approvals.
Fintech / Regtech
HKMA Announces Launch of New 'Money Safe' Service at All Retail Banks
31/12/2025
All 28 retail banks are required to offer the deposit-locking service with mandatory in-person verification from 31 December.
Sanctions
China Revises Foreign Trade Law, Imposing New Compliance Duties on FIs
30/12/2025
The new law, effective 1 March, empowers China to blacklist foreign entities and mandates that banks block related transactions.
Crypto / Digital Assets
India Arrests Former Coinbase Employee Over May Hacking Incident
30/12/2025
Coinbase CEO Brian Armstrong confirmed the arrest by Indian police following a May security incident where hackers bribed overseas support staff.
AML / KYC
Korea to Freeze Accounts in New Illegal Lending Crackdown
30/12/2025
The FSC unveils victim support programme and new powers for financial institutions to block accounts used for illicit loans.
Securities / Derivatives
Taiwan Amends Rules to Attract Foreign Asset Management Talent
30/12/2025
The FSC adds asset management, including family offices, to its Employment Gold Card programme to support its ambition to become a regional hub.
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