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
Conduct, Culture & Accountability
Korea FTC Investigates Securities Firms for Price Fixing
21/06/2023
The FTC sent investigators to the offices of Samsung Securities, Meritz Securities, Kiwoom Securities and KB Securities and seized documents.
Anti-Money Laundering
EBA Calls Out Ineffective AML Risk Management in Payments Sector
21/06/2023
The EBA says money laundering and terrorist financing risks are “not managed effectively” at EU payment institutions.
Reporting & Disclosures
New Zealand FSC Publishes New Guidance on Climate Disclosures
21/06/2023
The new FSC guidance is designed to help fund managers and insurers to better understand and assess climate-related risks and prepare for mandatory climate reporting.
Fraud, Scams & Cybercrime
HKMA Directs Banks to Enhance Protections for Payment Card Customers
21/06/2023
Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.
Payments & Settlements
RBNZ Considers Expanding Access to Settlement Accounts
19/06/2023
The RBNZ is seeking feedback on a framework to assess the risks of opening up access to the Exchange Settlement Account System.
Supervision & Enforcement
APRA Fines OnePath Custodians for Breaching Superannuation Law
19/06/2023
OnePath Custodians failed to direct 125 default member contributions to a MySuper product as required by the law.
Fraud, Scams & Cybercrime
US FDIC Orders OKCoin to Stop Advertising Deposit Insurance
19/06/2023
Crypto firm OKCoin is directed to “immediately” remove misleading statements about deposit insurance or face enforcement action.
Cryptocurrency
NYAG Penalises CoinEx $1.8m for Failure to Register
19/06/2023
CoinEx must implement geoblocking to prevent New York IP addresses from accessing its platform.
Clearing & Post-Trade
Global Consortium Executes First “Quantum-Secure” Trade Transaction
19/06/2023
The trade parties utilised IMDA’s ‘TradeTrust framework’ and placed a quantum-secure ‘seal’ on the electronic trade documents.
Trading & Investment
DBS Launches New Multi Family Office Platform for UHNW Families
19/06/2023
The new platform is established as an umbrella VCC, with multiple underlying sub-funds that clients can use to manage their assets.
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