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
Korea Issues Revised Guidelines on Accounting Fraud Investigations
17/07/2023
The guidelines require external auditors to notify companies of any accounting fraud worth more than KRW 5 billion.
Operational Risk
APRA Finalises New Cross-industry Standard on Operational Risk
17/07/2023
Boards should pay particular attention to ventures that may give rise to material or novel operational risks, including activities associated with crypto assets.
Conduct, Culture & Accountability
Cigno, BHF Solutions Breached National Credit Act, Court Rules
15/07/2023
Australia’s Federal Court said the lending model the firms operated was specifically intended to avoid provisions of the National Credit Act.
Market Abuse
Korea Prosecutors Arrest Three on Stock Manipulation Charges
14/07/2023
The trio allegedly generated $27.9mn in illicit profits by manipulating the stock prices of five companies, prosecutors said.
Resolution & Recovery
Hong Kong Proposes to Raise Bank Deposit Protection
14/07/2023
The Deposit Protection Board proposes to raise the bank deposit protection limit from HK$500,000 to HK$800,000.
Conduct, Culture & Accountability
SFC, AFRC to Jointly Target Misconduct By Listed Issuers
14/07/2023
The SFC and AFRC will work together to address misconduct involving dubious loans issued by listed companies to third parties.
Supervision & Enforcement
SFC Fines Fund Manager for Failing to Segregate Client Funds
14/07/2023
The fund manager also issued inaccurate statements of accounts and failed to provide statements of accounts to clients within the prescribed time limit.
Sustainable Finance
Verra to Help Indonesia Align Climate Projects with Global Standards
14/07/2023
Verra will work towards harmonising Indonesia’s climate change project registration system with its own registry.
Structural Regulation
RBA Commences Overhaul Process after Comprehensive Review
14/07/2023
Starting 2024, the RBA will introduce new changes to the way the central bank is managed and how its board handles monetary policy.
Structural Regulation
UK Treasury Consults on Digital Securities Sandbox
13/07/2023
The proposed Digital Securities Sandbox will enable firms to test issuance and trading of digital securities.
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