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
Anti-Money Laundering
HK Police Busts Cross-Border Money Laundering Syndicate
22/05/2025
HKPF arrested 10 suspects linked to a money laundering operation involving stooge accounts in Hong Kong and Mainland China.
Resolution & Recovery
RBNZ Issues Depositor Compensation Scheme Transitional Standard
22/05/2025
The new standard sets out the mechanism deposit takers should use to gather alternate bank details that could be used for DCS payments.
Fraud, Scams & Cybercrime
SFC Alerts Public to Phishing Texts Targeting Brokerage Clients
22/05/2025
Phishing texts are tricking Hong Kong investors into revealing personal data, leading to financial losses, warns the SFC.
Anti-Money Laundering
SFC Imposes 5-Month Ban on Former Lion Futures Director
22/05/2025
The SFC banned a former MIC for five months over his role in Lion Futures’ failure to comply with AML/CFT requirements between 2017 and 2019.
Operational Risk
ISDA Urges Australian Super Funds to Enhance Risk Management
22/05/2025
Super funds should be proactive in managing counterparties and third-party suppliers, as ineffective management can result in operational losses, regulatory attention and remediation costs.
Alternative Markets
NZ ‘Golden Visa’ Applications Surge After Rule Relaxation
22/05/2025
Investor visa demand has increased following a loosening of eligibility rules, with Chinese applicants leading the rise.
Conduct, Culture & Accountability
ASIC Sues Home Loan Manager Resimac Over Hardship Failures
22/05/2025
ASIC alleges the home loan manager breached the law by not properly assessing or supporting borrowers struggling with repayments.
Stablecoins
Hong Kong Legislative Council Passes Stablecoin Ordinance
21/05/2025
The ordinance, set to take effect later this year, will require issuers of fiat-referenced stablecoins to be licensed by HKMA to be offered in Hong Kong.
Trading & Investment
Hong Kong, Shenzhen Launch First GBA Indexes
21/05/2025
The indexes will comprise constituents listed on the SZSE as well as HK-listed securities eligible for trading under Stock Connect.
Structural Regulation
New Zealand: Consumer Lending Law Reform Passes First Reading
21/05/2025
The government is seeking to simplify affordability assessments while keeping consumer safeguards in place.
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