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
Structural Regulation
SFC May Have Doubts About Allowing SPAC Listings – Report
06/05/2021
HKEX is preparing to consult the market by end-June at the earliest. However, market participants believe the odds are low that SPACs will be allowed in Hong Kong.
Fraud, Scams & Cybercrime
HKEX Proceeds to Delist Shares of Convoy Global Holdings
06/05/2021
HKEX says its Listing Review Committee has upheld the May 2020 decision to cancel the listing of Convoy Global Holdings.
Structural Regulation
KRX Mulls Additional Measures to Attract Unicorn Listings
05/05/2021
Ahead of the introduction of dual-class shares, KRX will provide guidelines to help founders secure management rights jointly with other large shareholders.
KYC & CDD
Thailand to Tighten Crypto Exchange Account Opening Rules
05/05/2021
Crypto exchanges will reportedly be required to verify customers’ identities using special machines that require Thai national IDs and physical presence.
Credit Risk
RBNZ to Consider Further Calibration of LVR Restrictions
05/05/2021
The RBNZ may further tighten mortgage lending to guard against financial stability risks through adjustments to LVR restrictions.
Anti-Money Laundering
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.
Tokenisation
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.
CBDCs
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.
Anti-Money Laundering
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.
Cybersecurity
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.
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