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
KYC & CDD
RBNZ Calls on Banks to Enhance Financial Inclusion Initiatives
11/12/2024
The RBNZ identified good practices for deposit takers to consider embedding in their current practices to support financial inclusion.
CBDCs
RBNZ Publishes Results of ‘Digital Cash’ Consultation
11/12/2024
If ‘digital cash’ is introduced, the earliest it would be is 2030. The RBNZ confirmed that issuing physical cash would remain a priority.
Reporting & Disclosures
Hong Kong Launches Sustainability Disclosure Roadmap
11/12/2024
Large publicly accountable entities including financial institutions will be required to fully adopt the ISSB standards by 2028.
Trading & Investment
OECD Offers Recommendations on Boosting Philippine Capital Market
11/12/2024
The recommendations include measures to improve corporate governance, ease listing requirements and deepen the investor base.
Cybersecurity
BSP Extends Cyber Risk Management Software to All Banks, VASPs
10/12/2024
The BSP said it is expanding the use of its cyber risk management software known as ASTERisC* to all banks and VASPs.
Conduct, Culture & Accountability
AFCA ‘Refines’ Approach to Dispute Resolution Following Review
10/12/2024
AFCA said it has completed a 3-year programme to respond to an independent review of its operations and “redefined” its approach to external dispute resolution.
Conduct, Culture & Accountability
ASIC Calls on Government to Ban Unfair Trading in Financial Services
10/12/2024
ASIC’s Alan Kirkland says the proposed ban is needed to combat “dark patterns” which “distort, subvert, and undermine consumer choice”.
KYC & CDD
Australia Sets Out Beneficial Ownership Disclosure Policy for Unlisted Companies
09/12/2024
Beneficial ownership information will be accessible to journalists, academics, AML/CTF reporting entities, regulators and law enforcement.
Anti-Money Laundering
HKMA Fines China CITIC Bank for Transaction Monitoring Deficiencies
08/12/2024
The HKMA said 13 out of a total of 33 detection rules and two core model rules had not been implemented as intended.
Fraud, Scams & Cybercrime
Australia ACMA to Collaborate with UK Ofcom on Combatting Scams
08/12/2024
The ACMA and Ofcom will collaborate and share information to tackle the “pervasive scourge” of spam and scam communications.
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