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
Anti-Money Laundering
Philippines Directs DNFBPs to Tighten Suspicious Transaction Reporting
02/01/2024
Amended AMLC guidelines say no administrative, criminal or civil proceedings shall lie against any person for filing CTRs or STRs in good faith.
Fraud, Scams & Cybercrime
FSS Korea Fines BNK Kyongnam Bank for Employee Misconduct
02/01/2024
Former branch manager opened a securities account using his mother-in-law’s name and forged signature, and used it to place 193 stock trades.
Climate Risk
HKMA Study Assesses Climate Risks of HK-domiciled Funds
29/12/2023
The study found that the climate risk of HK-domiciled funds is “in line with funds domiciled in other Asia-Pacific economies.”
Fraud, Scams & Cybercrime
Hong Kong MPFA Calls for Action to Guard Against Fraud
23/12/2023
The MPFA issued two circulars offering guidance to MPF intermediaries and MPF trustees on guarding against fraudlent activities.
Payments & Settlements
RBA Sets Expectations for Enhanced Debit Card Market
22/12/2023
The RBA wants all industry participants to support token portability and token synchronisation by June 2025.
Structural Regulation
HK AFRC to Start Inspections of Mainland Auditors of HK-Listed Entities
22/12/2023
Under a partnership with Chinese authorities, the AFRC will start to inspect engagements involving audit working papers located on the Mainland.
Fraud, Scams & Cybercrime
ICAC Secures Guilty Pleas from Ex-StanChart Bankers Who Defrauded Investors
21/12/2023
Two former Standard Chartered relationship managers pleaded guilty to conspiracy to defraud. Three other defendants will stand trial in July 2024.
Conduct, Culture & Accountability
HKMA Issues Guidance for Banks on Digital Marketing
21/12/2023
Banks are asked to review their digital marketing activities for general banking products to ensure consumer protections are in place.
Fraud, Scams & Cybercrime
HK SFC Issues Warning About More Suspicious VATPs
21/12/2023
The SFC said the police have blocked the two platforms in Hong Kong over suspected fraudulent activities related to virtual assets.
Reporting & Disclosures
China Launches ESG Disclosure Guidance for Insurance Industry
21/12/2023
The Insurance Association of China says the guidance will help improve the quality of ESG disclosures in the insurance industry.
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