Posts By Manesh Samtani, Regulation Asia
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487CBA Defends Against Regulators’ Allegations
Manesh Samtani, Regulation Asia March 1, 2018The bank says its employees did not adversely impact the BBSW as ASIC claims, denies AUSTRAC allegations of systemic AML noncompliance.
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605Malaysia Issues AML/CTF Policy for Cryptocurrency Exchanges
Manesh Samtani, Regulation Asia March 1, 2018Cryptocurrency exchanges are required to fully identify all customers and monitor for money laundering and terrorist financing activities.
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928Hong Kong’s Fintech Sandbox Risks Alienating Innovators
Manesh Samtani, Regulation Asia and Philip Keller March 1, 2018HKMA financial technology sandbox needs to evolve to maximise value for all concerned, a new study suggests.
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450RBI Mandates Integration of SWIFT in Core Banking Software
Manesh Samtani, Regulation Asia February 26, 2018Punjab National Bank says $1.8bn fraud went undetected because staff failed to enter SWIFT instructions in core banking software.
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424New Zealand Opens Up Robo-Advisory Market
Manesh Samtani, Regulation Asia February 26, 2018Applicants will need to demonstrate capability and competency to provide robo-advice while ensuring consumer protection.
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532S.Korea to ‘Encourage’ Banks to Deal with Crypto Exchanges
Manesh Samtani, Regulation Asia February 22, 2018FSS governor says government will support ‘normalised trading’ of cryptocurrencies, requiring interaction of banks and crypto exchanges.
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576RBI Under Fire for Failure to Detect $1.8bn Loan Fraud
Manesh Samtani, Regulation Asia February 21, 2018Central bank audits failed to detect loan fraud using Punjab National Bank guarantees for over seven years; overseas branches which granted loans also under scrutiny.
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647SGX to Develop New India Derivative Products
Manesh Samtani, Regulation Asia February 20, 2018New products will allow SGX participants to maintain exposure to India’s capital markets, following the decision to stop issuing market data licenses to overseas exchanges.
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515Japan FSA to Empower Self Regulatory Body for Cryptocurrency
Manesh Samtani, Regulation Asia February 19, 2018Self regulatory organisation will create rules and set penalties for breaches of self-imposed rules.
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554India Eases Market Access for Foreign Institutions
Manesh Samtani, Regulation Asia February 17, 2018Private banks, merchant banks can invest on behalf of FPI clients; pre-approval requirement for switching local custodian effectively scrapped.
