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
HK Court Jails Ex-Sunway Employee for Laundering $125m
21/08/2024
The court sentenced a personal assistant to five years in prison for helping his boss unlawfully obtain loans from a listed company and launder the proceeds.
Market Infrastructure
Stock Connect’s 2nd Phase of Market Data Changes Now in Effect
20/08/2024
The changes may lower volatility and help stabilise the A-share market, but may also lower the market’s appeal to some foreign investors.
Enforcement
SFC Lifts Suspension of Changjiang Corporate Finance
20/08/2024
The SFC said it is satisfied that Changjiang’s sponsor business now has adequate systems, controls, policies and procedures to enable compliance.
HKMA to Create Taskforce to Handle Loan-related Complaints
20/08/2024
The task force will handle complaints from SMEs that are being asked to repay their loans earlier than the agreed time.
AML / KYC
ASIC Has Shut Over 7,300 Scam Websites in One Year
20/08/2024
Since July 2023, ASIC has taken down over 5,530 fake investment platform scams, 1,065 phishing scam hyperlinks and 615 crypto investment scams.
Fintech / Regtech
HKMA Issues Guidance for Banks on Using Generative AI
20/08/2024
The HKMA encourages banks to proactively explore the use of GenAI to enhance consumer protection and better tailor products to individual customers.
Market Infrastructure
ASIC Extends Reference Checking Protocol to Mortgage Aggregators
19/08/2024
The updated protocol enables financial advisers and mortgage brokers to request references about prospective representatives from mortgage broking intermediaries.
ESG / Sustainability
BSP Calls on Lenders to Do More to Support Climate Action
19/08/2024
The BSP said green finance “has yet to fully take off” and that lenders need to do more to support climate action efforts of enterprises and households.
Fintech / Regtech
Hong Kong SFC Proposes to Abolish Mixed Media Offers
19/08/2024
The SFC says MMOs have become “obsolete” since the introduction of the paperless listing and subscription regime in 2021.
Fintech / Regtech
HKEX Consults on Expanding Paperless Listing Regime
19/08/2024
The proposed reforms will provide securities holders with electronic options to give instructions to issuers, receive payments such as dividends, and pay subscription monies for offers.
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