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
Structural Regulation
UK, NZ Sign Pact to Mutually Recognise Auditor Qualifications
29/09/2023
The New Zealand FMA and UK’s FRC have agreed on mutual recognition of the professional qualifications of auditors.
KYC & CDD
AUSTRAC Issues Customer Identification Guidance for Gambling Providers
29/09/2023
From September 2024, online gambling providers must complete applicable customer identification procedures before offering gambling services.
Cryptocurrency
ASIC Punishes Fintech Firm for Misrepresenting Crypto Product
28/09/2023
Bobbob and its sole director are prohibited from providing financial services to retail clients for 12 months and paid A$53,000 in penalties.
Conduct, Culture & Accountability
ASIC Directs Licensees to Improve Remediation Procedures
27/09/2023
ASIC conducted a review of the remediation policies and procedures of some large FIs and identified gaps and inconsistencies that could lead to poor customer outcomes.
CBDCs
PBOC Adds CBDC Feature to Boost Adoption Among Foreigners
27/09/2023
The e-CNY app now allows foreigners to top up their digital wallets using global payment networks Visa and Mastercard.
KYC & CDD
Philippine SEC Stresses Need for CDD on DNFBP Clients
26/09/2023
Regulated firms that don’t identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.
Conduct, Culture & Accountability
Australian Court Fines ANZ for Unlawful Credit Card Charges
26/09/2023
ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.
Cryptocurrency
HK SFC to Provide Transparency on Crypto Licence Applicants
26/09/2023
The SFC will publish a list of all firms that have applied for a VATP licence and launch other investor education initiatives.
Trading & Investment
CSRC Probes Hedge Funds, Brokers Over Quant Strategies – Report
25/09/2023
The CSRC is seeking information on the trading strategies and short-selling activities of quant funds, and their impact on the stock market.
Trading & Investment
HKMA Designates New Market Makers for Southbound Bond Connect
25/09/2023
The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.
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