Sanday Chongo Kabange

    image

    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

    image

    AML / KYC

    Philippine SEC Stresses Need for CDD on DNFBP Clients

    26/09/2023

    Regulated firms that don’t identify and verify the true identity of DNFBP clients and their beneficial owners may face enforcement action.

    image

    Enforcement

    Australian Court Fines ANZ for Unlawful Credit Card Charges

    26/09/2023

    ANZ was ordered to pay a A$15mn penalty, on top of A$8.3mn in remediation paid to over 186,000 credit card accounts.

    image

    Crypto / Digital Assets

    HK SFC to Provide Transparency on Crypto Licence Applicants

    26/09/2023

    The SFC will publish a list of all firms that have applied for a VATP licence and launch other investor education initiatives.

    image

    Securities / Derivatives

    CSRC Probes Hedge Funds, Brokers Over Quant Strategies – Report

    25/09/2023

    The CSRC is seeking information on the trading strategies and short-selling activities of quant funds, and their impact on the stock market.

    image

    Market Infrastructure

    HKMA Designates New Market Makers for Southbound Bond Connect

    25/09/2023

    The new designations bring the total number of designated market makers for Southbound Bond Connect trading from 13 to 22.

    image

    Enforcement

    US SEC Fines Citadel Securities for Violating Short-Selling Rules

    24/09/2023

    Citadel agreed to pay $7mn to settle charges that it incorrectly marked short sale orders as long sales, and vice versa, over a five year period.

    image

    Capital / Liquidity

    MAS Announces Decision to Increase Deposit Insurance Limit

    24/09/2023

    MAS will increase the maximum deposit insurance coverage from the current S$75,000 to S$100,000, starting from 1 April 2024.

    image

    Enforcement

    SEC Fines Goldman for Submitting Inaccurate Securities Trading Data

    24/09/2023

    Goldman Sachs has agreed to USD 6 million for submitting deficient submissions that included missing or inaccurate trade data for at least 163 million transactions.

    image

    Enforcement

    FSS Korea Issues Warning Against Fisheries Cooperatives Federation

    24/09/2023

    The FSS management cautions and improvement requests to the National Federation of Fisheries Cooperatives for a failed overseas investment.

    image

    Market Infrastructure

    OCBC Joins LCH SwapClear and HKEX’s OTC Clear

    24/09/2023

    Direct clearing membership with LCH SwapClear and OTC Clear will help lower costs and enable better hedging tools for investors.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team