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
Conduct, Culture & Accountability
NZ High Court Orders Westpac to Pay Penalty for Misleading Customers
03/05/2025
Westpac was fined for failing to deliver contractually agreed discounts to over 20,000 customers, a breach of the FMCA’s fair dealing provisions.
Fraud, Scams & Cybercrime
Australia NASC Reports Surge in Phishing Scams, Financial Losses
02/05/2025
The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.
Structural Regulation
Hong Kong Regulators Taking Forward Review of Listing Regime
02/05/2025
Christopher Hui told LegCo that the SFC and HKEX are taking forward a comprehensive review on reforming the listing regime.
Payments & Settlements
ACCC Authorises AusPayNet, AP+ to Engage on Payments Infrastructure
02/05/2025
ACCC has given AusPayNet, AP+ and others interim approval to share information relating to the future development of Australia’s payments infrastructure.
Clearing & Post-Trade
ASX Outlines CHESS Resourcing Plan in Response to RBA Rebuke
02/05/2025
ASX has committed to a series of actions to further strengthen its resourcing arrangements for the maintenance and support of CHESS.
Cryptocurrency
AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges
01/05/2025
Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.
Structural Regulation
NZX Consults on BCP, Disaster Recovery Plan Requirements
30/04/2025
NXZ and NZX Clearing are consulting on requirements for market participants when developing BCPs and disaster recovery arrangements.
Cryptocurrency
SFC Grants Victory Securities Approval to Expand Crypto Services
30/04/2025
Victory Securities is allowed to offer discretionary account management services and to distribute physically-settled crypto-referenced structured products.
Payments & Settlements
HKMA Outlines Plans for Payments Infrastructure Connectivity
30/04/2025
HKMA Deputy CEO Darryl Chan said Hong Kong’s instant payments link with Mainland China is on track for launch in the middle of this year.
Structural Regulation
SFC Set to Formally Adopt Fast Track Authorisation Process for Funds
29/04/2025
The SFC will formally adopt FASTrack from 5 May following “smooth” implementation and “positive feedback” from applicants during the 6-month pilot.
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