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
AML / KYC
AUSTRAC Provides AML/CTF Exemption for CBDC Pilot
07/04/2023
The exemption applies to CBDC issuance, redemption, exchange, custody, storage, transfer, account opening and other areas for the RBA, pilot participants and customers.
Fintech / Regtech
APAC Regulators Form New Forum to Address Cloud Risk
06/04/2023
MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.
AML / KYC
ICAC Concludes First Training Day for Banks on Corruption Risk
05/04/2023
Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.
Market Infrastructure
Industry Asks ASIC to Lengthen SOFR OIS Implementation Period
04/04/2023
ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.
Fintech / Regtech
IMDA Conducts Paperless Cross-border Trade Using ETR
04/04/2023
A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.
Capital / Liquidity
BSP Offers Regulatory Relief to Promote Islamic Banking
03/04/2023
The BSP is offering relief from minimum capital requirements to incentivise conventional banks to develop the Islamic banking market.
Enforcement
US SEC Charges Two Over SPAC Insider Trading Scheme
02/04/2023
The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.
AML / KYC
Germany to Establish New Agency to Fight Financial Crime
02/04/2023
The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.
AML / KYC
UK Unveils New Plan to Tackle Economic Crime
31/03/2023
The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.
NAB Introduces New Security Measure to Combat Scams
31/03/2023
NAB customers may receive a prompt when engaging in unusual transactions, such as investing in crypto for the first time.
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