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
Korea Set to Update Rules to Support Overseas Expansion by Financial Firms
22/06/2023
The FSC said its regulatory overhaul will make it easier for Korean financial firms to acquire, establish, invest in, and operate overseas subsidiaries.
Anti-Money Laundering
Indonesia OJK Issues New AML/CFT/CPF Regulations
22/06/2023
OJK’s Mahendra Siregar said the new regulations are aligned with the FATF standards, and will help Indonesia become a FATF member.
Trading & Investment
Korea Adopts Two Prong Approach to Boost Tech Listings
21/06/2023
Regulators will run a month-long roadshow promoting stock listings by tech firms, and work to enact further facilitative rule changes.
Market Abuse
SEBI Punishes 135 Entities Over Stock Manipulation Scheme
21/06/2023
SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.
Conduct, Culture & Accountability
Korea FTC Investigates Securities Firms for Price Fixing
21/06/2023
The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.
Anti-Money Laundering
EBA Calls Out Ineffective AML Risk Management in Payments Sector
21/06/2023
The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.
Reporting & Disclosures
New Zealand FSC Publishes New Guidance on Climate Disclosures
21/06/2023
The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.
Fraud, Scams & Cybercrime
HKMA Directs Banks to Enhance Protections for Payment Card Customers
21/06/2023
Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.
Payments & Settlements
RBNZ Considers Expanding Access to Settlement Accounts
19/06/2023
The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.
Supervision & Enforcement
APRA Fines OnePath Custodians for Breaching Superannuation Law
19/06/2023
OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.
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