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
BSP Issues Draft Rules on Sharing of Financial Account Information
23/01/2025
The rules will implement a requirement of the Anti-Financial Account Scamming Act, which allows financial account information to be shared with enforcement agencies.
AML / KYC
BSP Revises IT Risk Management Rules to Align with New Anti-Scams Law
23/01/2025
The BSP said BSFIs must comply with the new regulations by 30 June 2025 and that a shared accountability framework will be adopted.
ESG / Sustainability
Super Fund CEOs Highlight Climate Risk Reporting Challenges
22/01/2025
APRA and ASIC called on industry bodies to play a bigger role in supporting super funds including developing a code to facilitate collaboration
Market Infrastructure
LME Approves Hong Kong as a Metals Warehouse Location
21/01/2025
The approval of Hong Kong as a warehouse location aligns with the city’s efforts to bolster its role in global commodities trading
ESG / Sustainability
PSE Publishes Sustainability Reporting Guidebook for Listed Firms
21/01/2025
The guidebook was developed based on the 2015 model guidance issued by the UN-backed Sustainable Stock Exchanges (SSE) initiative.
Fintech / Regtech
ASIC Calls on BNPL Providers to Act Early to Secure Licence
21/01/2025
A law passed in December requires BNPL providers to have a licence by 10 June 2025, subject to transitional arrangements
Market Infrastructure
HKMA Offers Guidance on Implementing Operational Resilience Requirements
21/01/2025
The guidance focuses on mapping interdependencies and scenario testing, to help banks meet a May 2026 deadline for becoming operationally resilient
Fintech / Regtech
Hong Kong PCPD Issues Updated Guidance on Cloud Computing
18/01/2025
The PCPD was prompted to issue the updated guidance following a data breach incident at the Urban Renewal Authority.
Enforcement
SFC, HKEX Take Joint Action Against Listed Company, Former Directors
17/01/2025
The SFC and HKEX said the former directors of mobile gaming company FingerTango misused IPO proceeds after the company went public in 2018
Crypto / Digital Assets
SFC Extends ‘Swift Licensing Process’ to New VATP Applicants
17/01/2025
The SFC released a circular detailing the new licensing process as well as inspection findings identifying deficiencies in VATP systems and processes.
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