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. manesh@regulationasia.com
Articles by Manesh Samtani
Securities / Derivatives
CSRC Sets New Targets for Inspections of IPO Applicants
09/05/2024
The inspections involve scrutiny of old business deals, personal bank accounts, and examinations of mobile phones and laptops.
Sanctions
FinCEN Issues Advisory to Help FIs Detect Terrorist Financing
08/05/2024
The Advisory describes how Iran finances terrorist organisations and provides red flags to aid in detection, prevention, and reporting.
AML / KYC
Authorities Charge Russian Leader of Cybercrime Group LockBit
08/05/2024
US prosecutors unsealed 26 charges against Dmitry Khoroshev, who is now also sanctioned by the US, UK and Australia.
AML / KYC
Egmont Group Tackles NPO Abuse for Terrorist Financing
08/05/2024
New Egmont Group report describes how NPOs are exploited for TF purposes and offers recommendations to address this risk.
Enforcement
CFTC Publishes Report on Responsible AI in Markets
07/05/2024
The report offers five recommendations on how the CFTC should safeguard financial markets from AI-related risks.
ESG / Sustainability
HKMA Publishes Hong Kong Taxonomy for Sustainable Finance
06/05/2024
The Taxonomy encompasses 12 economic activities under four sectors. The HKMA said the second phase of the Taxonomy’s development “will commence soon”.
Sanctions
Russia Expected to Retaliate Against Asset Confiscation
06/05/2024
Confiscation of Russia’s frozen foreign reserves could result in foreign-owned private assets being seized.
AML / KYC
Australia: Scam Losses Fall for the First Time in Six Years
03/05/2024
In its latest report on annual scam activity, the ACCC highlighted government and industry initiatives that led to lower scam losses in 2023.
Big Picture
Risks in APAC Private Credit Sector are Limited: HKMA Research
03/05/2024
However, further monitoring is warranted as private credit funds are increasingly open-ended, using leverage, and loosening their underwriting standards.
AML / KYC
China Issues New Rules on Beneficial Ownership Registration
03/05/2024
The new regulations will come into effect on 1 November 2024. Existing in-scope entities will have until 1 November 2025 to register beneficial owner information.
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