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
AML / KYC
Switzerland Proposes Strengthening of AML Framework
31/08/2023
The proposed framework would enhance beneficial ownership transparency and make lawyers, consultants and accountants responsible for AML checks.
Market Infrastructure
HK Clearing Rules Updated to Account for Benchmark Reforms
31/08/2023
The clearing obligation will no longer apply to transactions referencing LIBOR and EONIA, which have been discontinued.
Crypto / Digital Assets
SFC Grants In-Principle Approval to Swiss Crypto Bank, SEBA
30/08/2023
SEBA plans to offer brokerage, advisory and asset management services in Hong Kong, covering securities, derivatives and crypto products.
AML / KYC
FATF Releases Mutual Evaluation Report for Brunei
30/08/2023
The report notes that Brunei has a new framework on beneficial ownership transparency, but that it is experiencing implementation challenges.
AML / KYC
Laos AML/CFT Regime Has “Significant Deficiencies” – FATF
30/08/2023
Laos is rated “non-compliant” on nine of the FATF’s 40 recommendations, and “partially compliant” on 22 recommendations.
AML / KYC
Singapore AML Probe Expands to Precious Metals, Property Agents
29/08/2023
MinLaw urged precious metals dealers to review their transactions and business relationships. The Council for Estate Agencies is investigating property agents.
Crypto / Digital Assets
Korean Banks Impose New Requirements on Crypto Exchanges
29/08/2023
Korean crypto exchange will need to set aside reserves worth $2.3mn, or 30 percent of their daily average deposits, whichever is greater.
Enforcement
US SEC Settles First NFT-related Enforcement Action
29/08/2023
The SEC says NFTs offered and sold to investors by Impact Theory were investment contracts and therefore unregistered securities.
Market Infrastructure
China Moves Ahead With Capital Market Support Measures
28/08/2023
The measures include a lower minimum margin ratio, a stamp duty cut, and curbs on stock sales and new IPOs.
Capital / Liquidity
BNM Issues Draft Policy on Liquidity Risk Management
28/08/2023
The policy requires banks to apply early warning indicators and liquidity stress tests to identify emerging liquidity risks and vulnerabilities.
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