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
Reporting & Disclosures
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.
Conduct, Culture & Accountability
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.
Market Abuse
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.
Trading & Investment
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.
Fraud, Scams & Cybercrime
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.
Reporting & Disclosures
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.
Structural Regulation
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.
Anti-Money Laundering
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 Data
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.
KYC & CDD
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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