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
Credit Risk
AFCA Alarmed by Rising Complaints Regarding Hardship Assistance
04/04/2024
In 2023, AFCA recorded a 25% increase in complaints involving financial difficulty, which includes disputes over hardship assistance.
Supervision & Enforcement
Hong Kong Insurance Authority Signs Collaboration MoU with HKPF
03/04/2024
The Insurance Authority and Hong Kong Police Force will collaborate on case referrals, joint investigations and capacity building.
Climate Risk
APRA to Conduct Second Climate Risk Management Survey
03/04/2024
APRA will make the survey available to all banking, insurance, and superannuation entities that it supervises, though participation is voluntary.
Data Privacy
ACCC Fines HSBC for Disclosing Inaccurate CDR Data
03/04/2024
HSBC failed to disclose complete mortgage interest rate details and accurate credit card balances in response to separate requests for this data made via the CDR.
Credit Risk
Indonesia Formally Ends Pandemic Support Measures
03/04/2024
The OJK said Indonesia’s economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management.
KYC & CDD
FinCEN Considers Changes to CIP Rule to Modernise AML/CFT Regime
02/04/2024
FinCEN is considering changes to requirements for banks to collect a full Social Security number from customers during onboarding.
Credit Risk
HKMA Announces Nine New Measures to Support SMEs
02/04/2024
The measures will enhance the financing support for SMEs and make it easier for them to compare, select offerings from, and switch to different banks.
Anti-Money Laundering
AMLC Names and Shames DNFBPs That Have Failed to Register
01/04/2024
The AMLC named one real estate developer and ten jewelry dealers that have failed to comply with their registration obligations.
Fraud, Scams & Cybercrime
HK Court Jails Former AXA Agents for Fraud, Money Laundering
01/04/2024
The three former AXA insurance agents were sentenced for defrauding AXA of commissions and bonuses and for laundering the proceeds.
Structural Regulation
Australia Consults On Designated Complaints Function Within ACCC
31/03/2024
Designated consumer and small business advocates will be able to submit a complaint to the ACCC about a systemic market issue.
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