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
Enforcement
Malaysia SC Probes Share Disposals by AmBank Execs
23/03/2021
Seven executives sold a combined MYR 1.63 million in shares on the same two days in December, just two months ahead of AmBank’s 1MDB settlement.
AML / KYC
Bangladesh TBML Rule Makes Mis-invoicing a Jailable Offence
22/03/2021
A new Finance Ministry order makes incorrect declaration on exports, imports and investment abroad a jailable offence.
AML / KYC
Korea’s New AML Law for VASPs Set to Take Effect
22/03/2021
From 25 March, VASPs will have six months to register with KoFIU, and must start report suspicious transactions. The travel rule will apply one year later.
RBA Makes Plea for Banks to Ease Approach to SME Lending
21/03/2021
The RBA’s Christopher Kent says banks have tightened lending standards for SMEs, charging them more and imposing more restrictive terms on their loans.
Securities / Derivatives
New Financial Consumer Protection Law to Take Effect in Korea
21/03/2021
The law expands consumer rights, raises penalties for breaches, and requires FIs to set up internal controls to protect consumers.
ESG / Sustainability
Malaysia SC Outlines Capital Market Plans for 2021
21/03/2021
The SC said it will launch its five-year Capital Market Masterplan 3 in H2 2021, strengthen its regulatory capabilities, and streamline conduct requirements.
Fintech / Regtech
BOT Warns Against THB-Denominated Stablecoin
18/03/2021
A stablecoin denominated in Thai baht has been developed overseas. Any activity involving the stablecoin is deemed illegal.
Fintech / Regtech
WEF Paper Offers Recommendations on China Fintech Regulation
17/03/2021
The paper says it is necessary to build a new regulatory framework that allows a shift from entity-based regulation to activity-based regulation.
Securities / Derivatives
PSE Proposes Alternative Listing Option for Businesses
17/03/2021
The new rule will allow businesses to raise funds on the exchange by listing their preferred shares without listing their common shares.
Fintech / Regtech
Ant Group Imposes Self-Discipline Rules, CEO Resigns
17/03/2021
The self-discipline financial rules apply to Ant Group’s wealth management, insurance, consumer loans, small-and-micro-business loans and credit-scoring businesses,
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