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
ESG / Sustainability
ASIC Wins First Greenwashing Action Against Vanguard
30/03/2024
The court found that Vanguard contravened the ASIC Act in its representations about the ESG exclusionary screens applied to one of its index funds.
Securities / Derivatives
Malaysia SC Enhances Conduct Guidelines for Capital Market Intermediaries
30/03/2024
The revised guidelines include new chapters on the treatment of vulnerable clients, the provision of personal advice, and online offerings of capital market-related services.
Enforcement
SFC Refers Ding Yi Feng Case to Misconduct Tribunal
29/03/2024
The new proceedings are in addition to separate court action that seeks to restore counterparties affected by alleged manipulation of Ding Yi Feng shares.
Market Infrastructure
Enhanced SMP Service for Derivatives to Launch in June: HKEX
28/03/2024
Enhanced SMP features will be available for testing from 2 April. Optional readiness test will be held on 15 June ahead of the launch.
AML / KYC
Westpac Unveils “First of its Kind” Anti Scam Service
28/03/2024
The AI-powered service will ask customers to answer a “series of dynamic questions” if a new payment appears to have high scam risk.
ESG / Sustainability
Australia Tables Bill to Introduce Climate Disclosures, Strengthen FMI Regime
28/03/2024
The legislation will implement new mandatory climate reporting requirements and strengthen regulatory arrangements for FMIs.
Enforcement
Visa, Mastercard to Settle 2005 Antitrust Case for $30b
28/03/2024
The settlement, which is subject to court approval, will also give merchants more negotiating power and enable more competitive pricing.
AML / KYC
Advice Industry Seeks Clarity on AUSTRAC Outsourcing Guidance
28/03/2024
The Financial Advice Association Australia calls on AUSTRAC to provide clear definitions of outsourcing versus reliance arrangements.
ESG / Sustainability
HKMA Urges Banks to Utilise GHG Reporting Tools
27/03/2024
The HKMA called on banks to make use of the two new GHG reporting tools launched by the Cross-Agency Steering Group last month.
Enforcement
ASIC Takes First Action for Failure to Obtain Director ID
26/03/2024
Under 2021 reforms, all directors are required to verify their identities with Australian Business Registry Services and obtain a director ID.
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