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
Enforcement
Australia Jails Ex-Investment Manager Over False Performance Reports
13/11/2024
The forged portfolio performance verification reports falsely verified or claimed a history of successful investment returns.
Capital / Liquidity
HKMA Proposes Revisions to Policy Manual on Pillar 2 Capital
12/11/2024
The revisions incorporate the Basel III reforms and allow Pillar 2 capital charges to be imposed for inadequate systems and controls to address climate risks.
AML / KYC
AUSTRAC Launches New System for Enrolment, Registration and Reporting
12/11/2024
AUSTRAC says the new online portal makes it easier and faster to enrol or register a new business and to meet AML/CTF obligations.
Enforcement
BSP to Probe GCash Over Unauthorised Deductions
12/11/2024
The unauthorised deductions incident was attributed to a “system error”, but the BSP has vowed to investigate.
Securities / Derivatives
Hong Kong Introduces Bill to Boost REITs, Options Markets
12/11/2024
The bill will remove stamp duties payable on transfers of REITs shares or units and jobbing business of options market makers.
AML / KYC
HKMA Fines Fubon Bank for Transaction Monitoring Lapses
11/11/2024
HKMA said Fubon had deficiencies in the controls for transmission of transaction data from the core banking system to its transaction monitoring system.
BSP, Banque de France Sign MOU on Currency Operations
08/11/2024
The MOU enables BSP and BdF to share best practices and expertise on currency management and operations, and cooperate on digital payments.
Market Infrastructure
BSP Issues New Operational Resilience Requirements for FIs
07/11/2024
Larger FIs have two years to develop and integrate operational resilience frameworks into their governance structures and risk management processes.
ESG / Sustainability
BSP Invites Indonesia, Malaysia to Explore Philippine Islamic Finance Sector
07/11/2024
The BSP has been engaging with FIs in Indonesia and Malaysia about exploring opportunities in the Philippines Islamic finance sector.
AML / KYC
Australia Introduces “Landmark” Anti-Scam Legislation to Parliament
07/11/2024
The bill will establish a ‘scams prevention framework’ and introduce certain mandatory obligations for banks, telcos and social media platforms.
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