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
ESG / Sustainability
NGFS Urges FIs to Embed Climate Adaptation into Transition Plans
24/07/2025
The NGFS has provided a framework for financial institutions to manage physical climate risks, urging a shift from a mitigation-only focus.
Crypto / Digital Assets
HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules
24/07/2025
The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.
Enforcement
HKMA Fines Four FIs HKD 17.8M for AML and CDD Failures
23/07/2025
The HKMA has penalised three banks and a stored value facility licensee for AML/CFT control deficiencies.
Enforcement
AUSTRAC Announces Closure of Enforceable Undertaking with PayPal
22/07/2025
AUSTRAC has cancelled its enforceable undertaking with PayPal after the company completed a two-year remediation plan.
Crypto / Digital Assets
Thailand SEC Proposes Broader Auditor Oversight for Digital Asset Firms
22/07/2025
The SEC seeks to apply consistent auditing standards to all digital asset firms holding client assets beyond exchanges and brokers.
Enforcement
ASIC Sues Fortnum Private Wealth Over Cybersecurity Failures
22/07/2025
ASIC claims the financial advice licensee failed to manage cyber risks, exposing thousands of clients to data breaches.
Crypto / Digital Assets
SEC Thailand Consults on New Rules for ICO Portals
22/07/2025
Thailand's SEC proposes removing the three-month re-test rule for investors but plans to introduce mandatory, biennial suitability assessments for initial coin offerings.
Crypto / Digital Assets
HKMA to Adopt Invitation Only System for Stablecoin Licensing - Report
22/07/2025
The HKMA will reportedly only issue an application form after a potential applicant has been pre-screened and gained "basic recognition" during initial vetting.
ESG / Sustainability
Thailand Proposes Expanding ESG Fund Universe to Include REITs, Infra Funds
22/07/2025
The SEC has launched a consultation to allow Thailand ESG Funds to invest in highly-rated real estate and infrastructure trusts.
Enforcement
ASIC Investigates Predatory Practices in Debt Management Sector
22/07/2025
ASIC will review around 100 licensed firms amid concerns that vulnerable consumers are being harmed by predatory industry practices.
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