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
Australia Consults on Compensation Scheme of Last Resort
21/07/2021
The CSLR will establish an industry-funded compensation mechanism for individuals who have won decisions against insolvent financial firms.
Securities / Derivatives
China May Allow Foreign Firms to Invest Offshore Yuan via QFII
20/07/2021
Currently the QFII programme only allows foreign investors to use foreign currency, converted into onshore yuan, to invest in mainland markets.
Market Infrastructure
Australia Issues Consultation on Financial Accountability Regime
20/07/2021
The FAR will not impose civil penalty liability on accountable persons, a shift from the government’s position in a January 2020 consultation.
Fintech / Regtech
Japan FSA Launches New Section to Oversee Crypto Regulation
19/07/2021
The FSA has reportedly created a new position to head the section, which will also oversee decentralised finance and deepen dialogue with foreign regulators.
AML / KYC
HK Customs Arrests Four for Laundering Funds Using Tether
19/07/2021
The four are part of a syndicate that charged criminal clients a commission of 3-5% to launder illicit proceeds from crime.
AML / KYC
BOT Warns Against Using Crypto As Means of Payment
18/07/2021
If the use of digital assets as a means of payment for goods and services become widespread, the BOT will take action in coordination with the SEC.
Crypto / Digital Assets
Vietnam to Explore Creation of Digital Currency
18/07/2021
Vietnam’s strategy on digitising the local government includes directions for the SBV to pilot the use of a digital currency.
Securities / Derivatives
ESMA Outlines Disclosure Expectations for SPACs
18/07/2021
The guidance is aimed at enhancing the comprehensibility and comparability of SPAC prospectuses and ensuring investors are adequately protected.
Market Infrastructure
China Commences Trading on Newly Launched Carbon Market
17/07/2021
Trading commenced on the Shanghai Environment and Energy Exchange on Friday, covering emissions from over 2000 power companies.
Securities / Derivatives
NAFMII Reprimands Bond Market Makers Over Round-trip Trades
17/07/2021
NAFMII has given a notice of criticism to China Minsheng Bank and summoned Guosen Securities and Guangdong Nanyue Bank for regulatory talks.
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