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
Payments & Settlements
Korea to Reform FX Market to Attract Foreign Investors
08/02/2024
Reforms will address settlement failure risks. Pilot run to extend trading hours kicked off. Foreign FIs now have access to Korean FX market.
Fraud, Scams & Cybercrime
South Korea Jails Two Bitsonic Executives for Crypto Theft
08/02/2024
The CEO and CTO were sentenced to seven years and one year in jail, respectively, for embezzling KRW 10 billion in customer funds.
Supervision & Enforcement
Korea to Boost Supervision of Troubled Credit Cooperative
08/02/2024
Korea’s Ministry of the Interior and Safety will bolster its supervision over MG Community Credit Cooperative with help from the FSC.
ESG Data
EU Agrees Regulatory Approach for ESG Rating Providers
07/02/2024
ESG rating providers will need to be authorised and supervised by the ESMA and comply with transparency requirements.
Fraud, Scams & Cybercrime
Victims of Predatory Lending to Get Free Legal Support in Korea
07/02/2024
The FSS and Korea Legal Aid Corporation will offer free legal support to victims of illegal predatory lending.
Anti-Bribery & Corruption
SFC Bans Two Licensed Reps Over Bribery Convictions
07/02/2024
The SFC barred two former representatives of Nerico Brothers, considering them “not fit and proper” to be licensed.
Fraud, Scams & Cybercrime
Korean Authorities Arrest Three Over Alleged Crypto Fraud
07/02/2024
Three executives of crypto platform Haru Invest were arrested for failing to return KRW 1.1 trillion worth of crypto to investors.
Fraud, Scams & Cybercrime
US SEC Settles Charges Against China-Based Firm With No Penalty
07/02/2024
The firm self-reported its violations, provided “substantial cooperation” to SEC staff, and undertook prompt remedial measures.
Fraud, Scams & Cybercrime
Hong Kong: Ex-Stanchart Banker Jailed Over Insurance Fraud
06/02/2024
A former Standard Chartered Bank insurance specialist has been jailed for 20 months for premeditating a scam involving two clients and breaching the trust placed in him.
Conduct, Culture & Accountability
SFC Fines PICC Asset Management for Fund Management Failures
06/02/2024
The SFC penalised PICC Asset Management for failing to discharge duties as the manager of a Cayman-incorporated fund.
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