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
Fraud, Scams & Cybercrime
SFC Confirms Crypto Firm JPEX Never Approached it About Licensing
22/09/2023
JPEX breached the SFO and AMLO by publishing confidential correspondence with the SFC. Three more arrests have been made.
Market Abuse
ASIC Fines Interactive Brokers Over Client’s Suspicious Trading
21/09/2023
ASIC said the firm was ‘negligent’ in its failure to identify suspicious trading by a client and ‘reckless’ in continuing to allow further suspicious trading after ASIC raised concerns.
Cryptocurrency
ASIC Sues Crypto Exchange for Margin Trading Product
21/09/2023
ASIC says Bit Trade did not comply with its design and distribution obligations when offering a margin trading product to Australian customers.
Anti-Bribery & Corruption
Australia Proposes Reforms After PwC Tax Leak Scandal
21/09/2023
Australia has commenced consultations on draft legislation to strengthening the integrity of the tax system and increasing the power of regulators.
PEPs & Sanctions
US SEC Charges NY Investment Firm for Advising Russian Oligarch
19/09/2023
The SEC charged Concord Management and its owner for failing to register as investment advisers while advising a sanctioned Russian oligarch.
Fraud, Scams & Cybercrime
NZ Banks Pledge New Measures to Combat Scams
18/09/2023
The measures include the establishment of a national Anti-Scam Centre and the introduction of a ‘confirmation of payee’ account name checking service.
Cryptocurrency
HKMA, SFC Warn of Illegal Offerings by Crypto Firms
18/09/2023
The HKMA warned about crypto firms labelling themselves as banks. The SFC warned about a crypto firm called JPEX which falsely claims to be licensed.
Trading & Investment
NZX Consults On Introduction of Exchange-delivered Dark Pool
14/09/2023
‘NZX Dark’ will provide an alternative venue for investors to execute large transactions with anonymity and price improvement.
Structural Regulation
SEC Philippines Allows Crowdfunding Platforms to Act as Registrars
14/09/2023
To date, only traditional financial intermediaries have been allowed to act as registrars under the securities regulation code.
Trading & Investment
US SEC Grants Nasdaq Approval to Launch AI-Powered Order Type
14/09/2023
The order type enhances liquidity, execution quality improvement outcomes, and fill rates by adjusting dynamically to real-time market conditions.
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