Posts By Manesh Samtani, Regulation Asia
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448FATF Publishes First Comprehensive Report on Ransomware
Manesh Samtani, Regulation Asia March 16, 2023The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
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409US Regulators Targeted Signature Bank to Deliver Anti-Crypto Message
Manesh Samtani, Regulation Asia March 15, 2023Barney Frank, who was on the board of Signature Bank, says the regulatory takeover was intended to send a message to US banks to stay away from crypto.
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574Fed to Provide Liquidity Backstop as Two More Banks Close
Manesh Samtani, Regulation Asia March 13, 2023US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
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596FIA to Form New Global Taskforce in Response to ION Outage
Manesh Samtani, Regulation Asia March 9, 2023The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
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562BIS Paper Takes Stock of Individual Accountability Regimes
Manesh Samtani, Regulation Asia March 9, 2023The paper introduces the concept of the "accountability stack", which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
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450US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights
Manesh Samtani, Regulation Asia March 8, 2023Rio Tinto paid a former classmate of a Guinean government official for helping it secure mining rights. The consultant later attempted to pay $822,000 to the official.
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382FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
Manesh Samtani, Regulation Asia March 8, 2023Alameda accuses Grayscale and its owner Digital Currency Group of "brazen abuse" of their control over nearly USD 19 billion of digital assets held in two trusts.
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870HKMA Issues New AML/CFT Guidance for Private Banks
Manesh Samtani, Regulation Asia March 8, 2023Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
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625Crypto Focused Bank Silvergate Edges Towards Closure
Manesh Samtani, Regulation Asia March 7, 2023Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
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479Foreign Firms Announce New Mutual Fund Launches in China
Manesh Samtani, Regulation Asia March 6, 2023Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
