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
Korea Allows Securities Firms to Extend Credit to Overseas Affiliates
16/06/2021
Large securities firms will be allowed to extend credit to overseas branches and subsidiaries in which they have at least a 50 percent stake.
Conduct, Culture & Accountability
CBIRC Reprimands Fintech Firm for Consumer Rights Violations
16/06/2021
The CBIRC said Mashang Consumer Finance violated product pricing rules, consumer rights, and fair trade regulations.
Conduct, Culture & Accountability
ASIC Issues Guidance on Ongoing Fee Arrangements
16/06/2021
A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
Structural Regulation
SEBI Revises Eligibility Rules for Regulatory Sandbox
16/06/2021
SEBI-registered entities can apply to the sandbox in partnership with other entities. Eligibility requirements are set out for two stages of sandbox testing.
Cloud & Infrastructure
China to Expand Fintech Sandbox to More Regions – Report
16/06/2021
The governments of Dalian, Guizhou, Hubei, Shanxi and Xinjiang have reportedly unveiled plans to launch new fintech sandboxes this year.
Anti-Money Laundering
WEF Offers Framework to Help Prevent Illicit Financial Flows
16/06/2021
The “Unifying Framework” published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
Fraud, Scams & Cybercrime
Hong Kong: Ex-Dah Sing Bank Manager Jailed for Fraud
16/06/2021
The former financial planning manager told a client he was required to buy an insurance policy before he could open a corporate bank account.
Market Abuse
US Federal Court Sanctions Australian Trader for Spoofing
15/06/2021
The Propex Derivatives trader is required to repay $21,000 in disgorgement and cease and desist from violating anti-spoofing and manipulation rules.
Conduct, Culture & Accountability
MAS Reprimands Four FIs Over Remuneration Practices
15/06/2021
Two insurers, two financial advisory firms, and two individuals were reprimanded over breaches related to their risk management arrangements and remuneration practices.
Cryptocurrency
More Chinese Provinces Restrict Crypto Mining Activity
15/06/2021
Qinghai, Yunnan, and a prefecture in Xinjiang have joined Inner Mongolia in imposing restrictions on cryptocurrency mining.
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