Manesh Samtani
Manesh Samtani is the Editor at Regulation Asia, where he leads the regional news desk from Hong Kong, directing coverage of critical regulatory developments impacting financial services across APAC. Manesh specialises in analysing how new rules and technologies are reshaping banking, capital markets, and the fight against financial crime, providing finance professionals, compliance leaders, and policymakers with the intelligence they need to navigate risk and understand the impact of regulatory change in the region. [email protected]
Articles by Manesh Samtani
Market Infrastructure
ASIC, SFC Offer Guidance on FX Practices Following Joint Review
27/01/2022
Financial groups should promote a strong risk culture, put in place appropriate supervision and surveillance, and ensure fairness and transparency in trade execution.
AML / KYC
PBOC Finalises CDD Rules, Launches Nationwide AML Campaign
27/01/2022
New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
Fintech / Regtech
Thailand to Prohibit Use of Digital Assets in Payments
26/01/2022
The SEC is consulting on draft rules that will prohibit digital asset businesses from enabling merchants to accept crypto as payment for goods and services.
Fintech / Regtech
HKMA Issues Regtech Guide on Managing Cyber Risk
26/01/2022
The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.
Fintech / Regtech
BNM Unveils Five Year Blueprint to Develop Financial Sector
25/01/2022
The blueprint contains plans to advance financial sector digitalisation, develop an open data ecosystem, and improve efficiency in cross-border payments.
Fintech / Regtech
US May Soon Unveil Regulatory Approach for Crypto – Report
24/01/2022
A government-wide strategy for digital assets may be released in a White House executive order as early as next month.
Big Picture
IMF Commends Hong Kong Efforts to Safeguard Stability
23/01/2022
Hong Kong banks’ exposures to the mainland property market warrant continued close monitoring and periodic stress testing.
AML / KYC
OFAC Sanctions Ukrainian Nationals Identified as “FSB Pawns”
23/01/2022
The action is separate from the “broad range of high impact measures” the US and its allies may impose if Russia invades Ukraine.
ESG / Sustainability
OJK Indonesia Launches Green Taxonomy, Sets Policy Priorities
21/01/2022
OJK says the taxonomy will enable the financial sector to classify green activities within their portfolios, facilitate monitoring of credit and investment flows into the green sector, and prevent greenwashing.
AML / KYC
SFC Fines Zhonghui International Futures for KYC/AML Failures
20/01/2022
This is the second fine imposed against a firm over the use of a customer supplied system called Xinguanjia, which allows the creation of subaccounts that can be operated by a third party.
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