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
Cloud & Infrastructure
APAC Regulators Form New Forum to Address Cloud Risk
06/04/2023
MAS assistant managing director Vincent Loy said the twice-a-year forum will help APAC regulators and CSPs ensure greater resilience of cloud adoption in the financial sector.
Anti-Bribery & Corruption
ICAC Concludes First Training Day for Banks on Corruption Risk
05/04/2023
Acting ICAC Commissioner Ricky Yau said the training programme is aimed at enhancing banking sector standards on preventing corruption risk.
Clearing & Post-Trade
Industry Asks ASIC to Lengthen SOFR OIS Implementation Period
04/04/2023
ISDA and AFMA responded to an ASIC proposal to remove OIS contracts referencing USD LIBOR from derivatives clearing requirements and replace them with those referencing SOFR.
Clearing & Post-Trade
IMDA Conducts Paperless Cross-border Trade Using ETR
04/04/2023
A paperless live shipment from Singapore to Thailand was successfully conducted through collaboration between IMDA, ExxonMobil, VLK and Bunkerchain.
Capital Adequacy
BSP Offers Regulatory Relief to Promote Islamic Banking
03/04/2023
The BSP is offering relief from minimum capital requirements to incentivise conventional banks to develop the Islamic banking market.
Market Abuse
US SEC Charges Two Over SPAC Insider Trading Scheme
02/04/2023
The duo used non-public information in advance of at least 7 merger announcements involving SPACs to earn illicit profits of more than $3.4mn.
Anti-Money Laundering
Germany to Establish New Agency to Fight Financial Crime
02/04/2023
The ‘Federal Authority for Fighting Financial Crime” will absorb the functions of the FIU and also be responsible for enforcing international sanctions.
Anti-Money Laundering
UK Unveils New Plan to Tackle Economic Crime
31/03/2023
The plan involves hiring 475 specialist investigators, investing in technology and data analytics, and establishing a new multi-agency crypto cell.
Fraud, Scams & Cybercrime
NAB Introduces New Security Measure to Combat Scams
31/03/2023
NAB customers may receive a prompt when engaging in unusual transactions, such as investing in crypto for the first time.
Cryptocurrency
US SEC Forces Shut Down of Crypto Platform Beaxy
30/03/2023
The SEC charged Beaxy and its affiliates for performing the functions of an exchange, broker, clearing agency, and dealer without registration.
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