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
AML / KYC
Ex-Netflix VP Convicted of Money Laundering, Fraud
05/05/2021
The executive approved millions of dollars in contracts for Netflix to purchase IT products and services in exchange for kickbacks.
Crypto / Digital Assets
UPDATED – BaFin Says Binance Stock Tokens Violate Securities Laws
05/05/2021
The tokens require the publishing of a prospectus, “minimum information required by law” for the sale of an investment product.
Fintech / Regtech
Digital Dollar Project Prepares to Launch CBDC Pilot Tests
04/05/2021
The DDP will launch five pilot programs over the next 12 months to measure the value of and inform the future design of a US CBDC.
AML / KYC
BaFin Orders Deutsche Bank to Further Enhance AML Controls
04/05/2021
Deutsche Bank is asked to further bolster safeguards against financial crime, including in its correspondent banking relationships and transaction monitoring.
Big Picture
IMF Offers Guidance to Central Banks on Fintech, Cybersecurity
04/05/2021
The surge of technological innovation and related cybersecurity issues strengthen the need for enhanced risk management at central banks, the IMF says.
Fintech / Regtech
EIB Issues First Digital Bond on Public Blockchain
04/05/2021
The digital bond issuance was carried out using a distributed ledger for registration and a CBDC for settlement.
Securities / Derivatives
FCA Proposes Rule Changes to Encourage SPAC Listings
03/05/2021
The FCA proposes to exempt SPACs that identify an acquisition target from being suspended, if they have certain investor protections in place.
Securities / Derivatives
China Consults on Expanded Scope of Futures Law
03/05/2021
The revised draft expands the scope of the law to also cover “other derivatives”, while also raising penalties for violations.
ESG / Sustainability
APRA Chair Outlines Initiatives to Financial Sector Risks
03/05/2021
APRA is piloting a risk culture survey, independent cyber security reviews, and a new data collection exercise on technology and cyber risks.
Fintech / Regtech
China Consults on Revisions to Data Privacy, Data Security Laws
03/05/2021
The latest revisions will impose stricter requirements on internet platforms and restrict Chinese firms from handing data to foreign agencies.
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