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
Market Abuse
SEBI Punishes 135 Entities Over Stock Manipulation Scheme
21/06/2023
SEBI fined 135 entities and barred them from accessing the securities market over a stock manipulation scheme.
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.
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