Posts By Manesh Samtani, Regulation Asia
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102Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal
Manesh Samtani, Regulation Asia September 25, 2020AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
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377India Establishes Netting Certainty for Bilateral OTC Derivatives
Manesh Samtani, Regulation Asia September 25, 2020Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
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353FSDC Calls For HK-listed Derivatives Tracking A-Shares
Manesh Samtani, Regulation Asia September 24, 2020Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.
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643Westpac, AUSTRAC Agree A$1.3bn Penalty for AML Breaches
Manesh Samtani, Regulation Asia September 24, 2020If the Federal Court of Australia determines the penalty is appropriate, it will represent the largest ever civil penalty in Australian history.
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371China to Further Relax Foreign Access to Bond Market
Manesh Samtani, Regulation Asia September 24, 2020The PBOC and SAFE are consulting on new rules that will reduce restrictions on outward remittances for institutional investors, among other rule changes.
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472FinCEN Files: Philippine Money Remitters Named in SARs
Manesh Samtani, Regulation Asia September 24, 2020Philrem and Werquick used local banks to wire funds for unidentified customers without identifying source of funds, the true beneficiary, or the purpose of the transactions.
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412SGX, NSE Formalise Agreement to Operationalise ‘Connect’
Manesh Samtani, Regulation Asia September 23, 2020The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.
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214FinCEN Files Reveal AML Failures at Global Banks
Manesh Samtani, Regulation Asia September 22, 2020The trove of documents shows that the banks allowed $2tr to flow through the financial system despite having flagged the transactions as suspicious.
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167SFC Revises AML/CFT Guidelines for Securities Sector
Manesh Samtani, Regulation Asia September 21, 2020The proposed amendments seek to align the SFC's guidelines with the FATF guidance for adopting a risk-based approach in the securities sector.
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341BIS Report Proposes Carbon Intensity-based Rating System
Manesh Samtani, Regulation Asia September 20, 2020A new report proposes a system for labelling issuers for firm-level greenness based on carbon intensity, the ratio of carbon emissions to revenue.
