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

    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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