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
HK to Exempt Top Execs of Financial Firms from Quarantine
31/05/2021
Senior executives of licensed financial corporations or their overseas affiliates who are fully vaccinated, and meet the eligibility criteria, may apply for the exemption.
Trading & Investment
Shanghai Maps Out Plans to Become Global Wealth Hub
31/05/2021
Shanghai will further open up to foreign investors and new financial services products will be introduced, including various derivatives products.
Trading & Investment
CBIRC Directs Banks to Stop Selling Commodities Futures – Report
28/05/2021
The CBIRC has asked banks to completely unwind their books for commodities-linked products and stop selling them to individual investors.
Credit Risk
Ant Group Suspends ABS Products Amid Regulatory Pressure
28/05/2021
The suspended asset-backed securities are backed by online loans sold on Ant Group’s online lending platforms, Huabei and Jiebei.
Anti-Money Laundering
DOJ Settles Julius Baer Money Laundering Probe for $80m
28/05/2021
Julius Baer admitted it conspired to launder over $36mn in bribes through the US to soccer officials with FIFA and other soccer federations.
Anti-Bribery & Corruption
China Watchdog Exposes Corrupt Former Regulators
28/05/2021
Regulators inspected Baoshang Bank on 50 occasions and deliberately avoided parts of the business that had significant potential risks.
Cryptocurrency
Inner Mongolia Government Threatens Punishment for Crypto Mining
28/05/2021
A new notice warns telecoms, big data centres and cloud computing companies of severe punishment if they engage in or facilitate crypto mining activities.
Structural Regulation
Thailand SEC Approves New Criteria for SME Fundraising
27/05/2021
The new fundraising criteria for SMEs and startups proposed by the stock exchange are expected to become effective this year.
Cryptocurrency
Korean Crypto Exchanges Face “Existential Crisis” – Report
27/05/2021
Crypto exchanges have until 24 September to partner with banks on real-name accounts as a requirement for a business licence from the FSC.
Structural Regulation
S. Korea to Expand Microfinance Support Fund
27/05/2021
Legislative revisions will expand the pool of microfinance funds available by requiring banks and other FIs to make mandatory contributions.
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