
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.

AML / KYC
BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds
06/02/2025
FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Crypto / Digital Assets
ABA Calls for Swift Passage of Payment System Reforms
05/02/2025
ABA CEO Anna Bligh said the reforms “first flagged over 1,200 days ago” are “urgently needed” and can be passed “this sitting fortnight”.

Securities / Derivatives
SFC to Resume Collecting Annual Licensing Fees in April
05/02/2025
The SFC has fully waived the annual licensing fees for 11 of the last 15 years. The waiver will be allowed to end in March 2025.

Australia to Continue Allowing Virtual Meetings, Digital Documents
04/02/2025
Stephen Jones called on ASIC, ASX and industry bodies to issue guidance on appropriate conduct and use of technology at meetings

HK Banks to Collaborate to Help SMEs Resolve Difficulties: HKAB
04/02/2025
HKAB said StanChart, BOCHK, HSBC, BEA, DBS, and Hang Seng are piloting a collaborative approach to negotiating SME financing arrangements

Enforcement
Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange
04/02/2025
A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.

Securities / Derivatives
SET Launches New Depositary Receipts based on HK-Listed ETFs
04/02/2025
The SET has more than 50 DR products listed on its market, including six new DRs based on ETFs listed in Hong Kong.

Enforcement
Australia Identifies 5,000 Potential Victims of Romance Scams
01/02/2025
The potential victims were identified from devices found by Philippine authorities at a Manila-based scam compound

Enforcement
HK PCPD Orders Oxfam to Remediate Privacy Law Breaches
28/01/2025
The PCPD says Oxfam didn’t have adequate measures in place to guard against the ransomware attack it experienced last year.

ESG / Sustainability
AFRC Assesses Readiness for Sustainability Reporting and Assurance
28/01/2025
An increasing number of HK-listed entities are obtaining sustainability assurance, and more auditors are offering these services.
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