Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. [email protected]
Articles by Manesh Samtani
AML / KYC
China’s Top Court Issues Guidelines on Money Laundering Cases
19/08/2024
Concealment or disguise of criminal proceeds, including through the use of virtual assets, will be punished as money laundering offences.
AML / KYC
Hong Kong Court Sets Precedent for Crypto Transparency
19/08/2024
The court ordered defendants in a crypto fraud and mismanagement case to provide detailed information about their holdings and transactions.
AML / KYC
OJK Indonesia Issues Regulation to Implement Anti-Fraud Strategy
17/08/2024
Fraud detection systems must include whistleblowing policies and mechanisms, surprise audits, monitoring, and risk assessments of internal and external parties.
Sanctions
Russian Central Bank Cancels Banking Licence of Amex Unit
16/08/2024
American Express was given approval to liquidate its Russian business in May, two years after it suspended operations in the country.
Fintech / Regtech
NIST Finalises First Three Post-Quantum Encryption Standards
15/08/2024
Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.
AML / KYC
Global Cybercrime Leader Extradited to Face Charges in the US
15/08/2024
Maksim Silnikau was responsible for developing and distributing the Reveton and Ransom Cartel ransomware strains, as well as the Angler Exploit Kit.
Enforcement
US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe
15/08/2024
Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.
Fintech / Regtech
FSC Korea Offers Roadmap for Relaxing Network Separation Rules
15/08/2024
Financial institutions will be allowed to use cloud computing and generative AI provided they have adequate security assurance measures in place.
Capital / Liquidity
Bangladesh Banking Sector Facing Elevated Risks: S&P Global Ratings
14/08/2024
S&P Global Ratings says ongoing reforms could be delayed, liquidity will remain tight, and asset quality vulnerabilities will pressure banks.
Securities / Derivatives
Foreign Firms in China Struggle to Meet Demand for Overseas Assets
14/08/2024
The high demand is reportedly causing foreign firms in China to ration their QDII quotas. Meanwhile, the QDLP programme is under fresh scrutiny from regulators.
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