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
Australia Introduces AML/CTF Reform Bill to Parliament
11/09/2024
The amendment bill will bring tranche 2 entities into scope and modernise the regulation of virtual assets and payments tech.
ESG / Sustainability
Australia Releases Interim Report on Taxonomy Development
11/09/2024
The report sets out the progress made towards the development of Australia’s sustainable finance taxonomy.
Fintech / Regtech
New Zealand FIs Taking ‘Cautious Approach’ to AI Adoption – FMA
10/09/2024
The FMA conducted research to better understand how regulated entities are exploring the adoption of AI, to help shape an appropriate regulatory framework.
Enforcement
Australia’s New Anti-Foreign Bribery Law Comes into Force
10/09/2024
Under the new law, companies will be held directly liable for failure to prevent foreign bribery by employees, external contractors, agents and subsidiaries.
AML / KYC
HKMA Issues Guidance on Using AI to Enhance AML Monitoring
10/09/2024
Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.
Enforcement
HSBC Responsible Officer Disqualified Over MPF Referral Programme
09/09/2024
The responsible officer was disqualified for 30 months for his role in recruiting unregistered personnel to refer MPF corporate clients to HSBC.
Enforcement
HKMA Suspends Ex-Hang Seng Bank Employee for Dishonest Conduct
09/09/2024
The HKMA suspended a former Hang Seng Bank relevant individual for fabricating a client’s signature on a time deposit application form.
BSP Authorises Maybank to Launch Islamic Banking Operations
05/09/2024
Maybank is just the second bank authorised to launch Islamic banking operations in the Philippines, after CARD Bank was authorised in June 2023.
Fintech / Regtech
New Zealand Consults on CDR for Banking, Electricity Sectors
04/09/2024
The proposal would require ANZ, BNZ, ASB and Westpac to implement open banking from 1 Dec 2025 and Kiwibank from 1 Dec 2026.
Securities / Derivatives
SFC Issues Licensing Guidance for Visiting and Returning Professionals
03/09/2024
The SFC provides guidance on licensing options for professionals visiting and returning to Hong Kong to conduct regulated activities.
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