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
Data Privacy
BSP to Finalise Members of Open Finance Body This Year
10/08/2021
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
Conduct, Culture & Accountability
Taiwan FSC to Raise Compensation for Automatic Dispute Settlement
10/08/2021
The FSC will raise the compensation ceilings under which financial companies have to automatically accept settlement decisions.
KYC & CDD
Thai SEC Proposes UBO Registration Rules for Securities Firms
08/08/2021
Securities firms offering trading, exchange or underwriting services will be required to ensure customers register their foreign beneficiaries.
Structural Regulation
TWSE to Enhance Timeliness of Disclosures by Listed Firms
08/08/2021
In 2022, some listed companies will have to start disclosing uncertainties about their ability to continue as a going concern based on unaudited financial information.
Alternative Markets
FSC Korea Issues Notice on Rule Changes for PE Funds
07/08/2021
A new classification system will distinguish between “general PEFs” and “institution-only PEFs”. PEFs will be subject to increased monitoring and external audits.
Conduct, Culture & Accountability
ASIC Sues Credit Firms for Failing to Cooperate with AFCA
06/08/2021
Two firms repeatedly engaged in disruptive, aggressive and uncooperative behaviour toward AFCA, a civil penalty offence since April 2019.
Fraud, Scams & Cybercrime
CSRC Penalises Yongcheng Coal, Executives for Fraud
05/08/2021
Yongcheng Coal and its executives were fined for fraudulent disclosures and for inflating its books. The company defaulted on a CNY 1 billion bond last year.
Payments & Settlements
RBI Issues Outsourcing Framework for Payment System Operators
05/08/2021
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
Anti-Money Laundering
Singapore: Woman Jailed for Helping to Launder Scam Proceeds
05/08/2021
Rohaiza Alap provided 25 bank accounts to scammers to launder S$2mn out of Singapore. She also recruited others to act as money mules.
Structural Regulation
CSRC Promises Increased Predictability of Policy Measures
04/08/2021
The CSRC says it will seek closer cooperation with the US SEC and enhance the transparency and predictability of policy measures.
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