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
GBA Wealth Management Connect to Operate With Quota System
22/10/2020
The scheme will be capped at 150 bn yuan in each direction, and an individual quota of 1 mn yuan will be imposed on Greater Bay Area residents.
AML / KYC
Goldman Resolves Remaining 1MDB Charges for $2.9bn
22/10/2020
Under the coordinated resolution, Goldman will pay $606mn in disgorgement and more than $2.3bn in penalties to authorities in the US, UK, Hong Kong and Singapore.
Market Infrastructure
HKMA Asks FIs to Protect Customer Interests in LIBOR Switch
21/10/2020
Banks are expected to develop robust education and outreach programmes to help customers make informed decisions when assessing the options available in the transition.
AML / KYC
Hong Kong Banks Asked to File STRs for Suspected NSL Breaches
20/10/2020
According to updated HKMA guidance, suspected breaches of the national security law should be treated the same as AML/CFT violations and be reported to the JFIU as STRs.
Market Infrastructure
Tokyo Stock Exchange Faces FSA Probe Over System Outage
20/10/2020
Based on an on-site investigation and findings from JPX’s own investigative committee, the FSA will consider issuing a business improvement order.
AML / KYC
Global Tax Evasion Probe Targets Euro Capital Bank, Puerto Rico
18/10/2020
Euro Pacific Bank, founded in 2017 by Peter Schiff and Mark Anderson, is said to be used by up to 400 Australian nationals, about 100 of which are considered “high-risk”.
Market Infrastructure
Australian Regulators Prescribe Open Access to ASX Clearing Services
18/10/2020
According to sources, the guidance was issued to prevent ASX Clear from imposing requirements on NSX with respect to the standards of its listed companies.
AML / KYC
MAS’ Use of Tech to Enhance Regulatory, Supervisory Functions
17/10/2020
A recent FSB report offered case studies of how regtech and suptech are being deployed by regulators, including several examples from MAS.
AML / KYC
HKAA Sanctions Mark Formal Warning to Global Banks
15/10/2020
International financial institutions conducting ‘significant transactions’ with the ten sanctioned individuals could face secondary sanctions.
AML / KYC
G20 Ministers Extend DSSI Debt Relief, Welcome FSB, FATF Efforts
14/10/2020
The G20 finance ministers and central bank governors have agreed to extend debt relief for low-income countries for six months, and welcomed efforts by the FSB and FATF.
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