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
ASIC Issues Warning on ‘High-Pressure’ Sales Tactics in Super Sector
03/07/2025
ASIC’s warning comes amid rising cases of retirement savings into “complex and risky schemes”.
Market Infrastructure
HK Review Panel Urges Overhaul of MPFA's Fining and Sanctioning Policies
03/07/2025
An independent review panel has called for greater consistency in the MPFA's enforcement actions, raising concerns over its new fining mechanism.
Enforcement
Hong Kong AFRC Fines Ex-CITIC Banker Over Insider Dealing
03/07/2025
The AFRC has sanctioned Wu Kam Shing after a tribunal found he used confidential information from his banking role for personal gain.
Enforcement
Australia: Ex-Wealth Manager Held in Contempt of Court
03/07/2025
Joshua Fuoco will never be allowed to be involved in financial services or credit activities, following an undertaking he gave to the Federal Court.
AML / KYC
New Zealand FMA Issues Warning to Investors on Crypto Risks
03/07/2025
The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.
Fintech / Regtech
ACCC Grants AusPayNet Authorisation to Facilitate End of Cheques System
03/07/2025
The ACCC granted final authorisation allowing AusPayNet to engage with government and industry participants on winding down Australia’s cheque system.
Hong Kong Rejects Calls to Allow MPF Use for Home Purchases
03/07/2025
The government has dismissed proposals for housing loans and dedicated accounts, citing risks to retirement savings and the need for higher contributions.
Enforcement
BUSSQ Publishes Independent Expert Report on Remediation Efforts
02/07/2025
APRA confirmed that BUSSQ has issued the report, which details the super fund’s efforts to address governance and risk management deficiencies.
Enforcement
ASIC Sues Coal Power Operator for Market Manipulation
02/07/2025
ASIC alleges that Delta Power & Energy engaged in futures market and financial benchmark manipulation on 30 occasions.
Market Infrastructure
New Zealand’s New Depositor Compensation Scheme Takes Effect
02/07/2025
The new depositor compensation scheme protects depositors for up to NZD 100,000 in the event their bank or other licensed deposit taker fails.
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