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
Fintech / Regtech
Korea Forms Consultative Body to Tackle Digital Finance Risks
15/09/2020
With participation from industry participants, the body will seek to promote regulatory reform to promote innovation, fair competition and consumer safety in digital finance.
AML / KYC
DOJ Charges Three for North Korea Sanctions Breaches
15/09/2020
Two North Koreans and one Malaysian allegedly used front companies to deceive US banks into processing transactions for North Korean customers.
APRA, ACCC Update MoU on Financial Sector Cooperation
15/09/2020
APRA and the ACCC agree to a proactive approach to engagement, which includes regular, senior-level liaison meetings and a greater emphasis on information sharing and collaboration.
Securities / Derivatives
Thailand’s SEC Proposed to Raise Fees on Futures Trading
15/09/2020
The SEC wants to replace the annual fixed fee charged to the TFEX with a per-contract fee, which could more than triple the cost to the futures bourse.
Fintech / Regtech
BSP Launches Digital Payment Platform for Retail Transactions
14/09/2020
The New Order of Payment System, or NOPS, is a secure web-based system that offering various channels through which payments can be made to the BSP.
Securities / Derivatives
Taiwan Central Bank Denies Ordering Traders to Limit US Dollar Sales
14/09/2020
The central bank said the directions to traders were aimed at facilitating the smooth flow of the local foreign exchange market, and that it respects bid-offer practices in the FX market.
Securities / Derivatives
SEBI Directs Multi Cap Funds to Raise Exposure to Smaller Stocks
14/09/2020
New guidelines will force multi cap funds to dump large cap stocks in favour of small- and mid-cap stocks by January 2021.
Market Infrastructure
Taiwan Banks Urged To Offer Bilingual Financial Services
14/09/2020
The FSC is encouraging all banks to set up bilingual branches and enhance the English proficiency of their staff members as part of its efforts to become a regional financial hub in Asia.
Enforcement
HK Police Arrest 15 on Stock Manipulation Suspicions
10/09/2020
Police believe the 15 individuals manipulated the stock price of Next Digital after its owner Jimmy Lai was arrested last month.
Securities / Derivatives
ASIC Defers New Fee Disclosure Obligations Two Years to 2022
10/09/2020
Superannuation funds and managed investment scheme issuers will now have until September 2022 to comply with fee and cost disclosure requirements.
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