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
Fraud, Scams & Cybercrime
Hong Kong, Macao Authorities Arrest Seven in Joint Operation
23/08/2024
The SFC, ICAC and the Macao Judiciary Police arrested seven individuals for suspected fraud, including the chairman of a listed company.
Payments & Settlements
BSP, NBC to Cooperate on Payment System Connectivity, Digital Finance
22/08/2024
The central banks will collaborate on payment connectivity, digital finance innovation, AI, cyber security, and sustainable finance.
Trading & Investment
ASX Commences Trading in New Natural Gas Futures Contract
21/08/2024
ASX said the Wallumbilla Natural Gas Futures contract will help investors hedge energy transition risks and more confidently invest in decarbonisation initiatives.
Fraud, Scams & Cybercrime
ASIC Finds Lack of Maturity in Banks’ Scam Strategies
21/08/2024
ASIC conducted a review of scam strategies and governance at 15 non-big-four banks, finding a “less mature approach” than expected.
Resolution & Recovery
RBNZ Consults Additional Standards for New DTA Regime
21/08/2024
RBNZ is consulting on standards covering areas such as governance, lending, risk management and operational resilience.
Trading & Investment
Hong Kong MPFA to Pursue Further Pension System Reforms
21/08/2024
The MPFA will make it easy for members to switch providers and expand the choices of REITs available to scheme members.
Supervision & Enforcement
BSP Amends Rules for Banks on Equity Divestments
21/08/2024
The amended rules clarify expectations for banks to divest equity investments that are prohibited under applicable laws and regulations.
Anti-Money Laundering
HK Court Jails Ex-Sunway Employee for Laundering $125m
21/08/2024
The court sentenced a personal assistant to five years in prison for helping his boss unlawfully obtain loans from a listed company and launder the proceeds.
Market Data & Technology
Stock Connect’s 2nd Phase of Market Data Changes Now in Effect
20/08/2024
The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.
Structural Regulation
SFC Lifts Suspension of Changjiang Corporate Finance
20/08/2024
The SFC said it is satisfied that Changjiang’s sponsor business now has adequate systems, controls, policies and procedures to enable compliance.
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