Sanday Chongo Kabange

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    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

    ECB Starts Preparing for Possible Digital Euro Issuance

    06/10/2020

    A decision has not been made to introduce a digital euro, but the ECB will commence experimentation to ensure it is prepared if it needs to do so.

    Crypto / Digital Assets

    Malaysian MSMEs Cross MYR 1bn Crowdfunding Mark

    06/10/2020

    The SC highlighted a “considerable increase” in investor participation in markets via digital investment managers, ECF and P2P platforms, digital asset exchanges and online brokers.

    Fintech / Regtech

    ACCC Expands Intermediary Access to CDR Ecosystem

    04/10/2020

    These amended rules will facilitate greater participation in the CDR by fintech firms and reduce the time and cost needed for accredited firms to enter the ecosystem.

    AML / KYC

    Ransomware Payments May Breach OFAC Regulations

    03/10/2020

    OFAC makes clear in a new advisory that it may impose civil penalties if ransomware payments are made to sanctioned individuals or entities.

    NZBA Issues Guidelines for Banks on Serving Customer Needs

    02/10/2020

    The guidelines were developed in consultation with the FMA and build on the banking industry’s work following the 2018 conduct and culture review.

    AML / KYC

    BSP Set to Issue Revised Rules on Virtual Assets

    30/09/2020

    The revisions are aimed at addressing identified gaps and aligning the framework with FATF guidance for regulating VASPs.

    Securities / Derivatives

    KRX Offers English Translation Service for Company Filings

    29/09/2020

    KRX says its investor base will expand by allowing foreigners improved accessibility to English language disclosures of listed companies.

    Enforcement

    Two Ex-Deutsche Traders Convicted in Spoofing Case

    29/09/2020

    The two former traders were found guilty of fraud charges for their respective roles in manipulating gold and silver futures prices.

    Enforcement

    Seoul Court Sentences Ex-Shinhan Exec to Eight Years’ Jail

    29/09/2020

    The former executive was convicted for accepting bribes, deceiving investors, concealing losses in Lime Asset Management fund products.

    Fintech / Regtech

    Ant Group Launches New Digital Trade, Financing Platform

    29/09/2020

    DBS, BNP Paribas, Citibank, Deutsche Bank and StanChart have partnered with Ant Group to help optimise cross-border processes on the new blockchain powered platform.

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