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
Fintech / Regtech
FSS Korea Issues New Guidelines on Short Selling Controls
22/08/2024
The FSS is aiming to have institutional investors implement new systems and controls to guard against naked short selling by the end of Q4 this year.
Enforcement
US SEC’s WhatsApp Probe is Not Yet Over – Report
21/08/2024
Penalties still expected against companies including BlackRock, Invesco, Charles Schwab, Blackstone, Apollo Global, Moody’s and S&P Global Ratings.
China Proposes Enhanced Compliance Management Rules for FIs
21/08/2024
The proposed regulations will require Chief Compliance Officers and Compliance Officers to be appointed at all FIs by 1 March 2026.
AML / KYC
China’s Top Court Issues Guidelines on Money Laundering Cases
19/08/2024
Concealment or disguise of criminal proceeds, including through the use of virtual assets, will be punished as money laundering offences.
AML / KYC
Hong Kong Court Sets Precedent for Crypto Transparency
19/08/2024
The court ordered defendants in a crypto fraud and mismanagement case to provide detailed information about their holdings and transactions.
AML / KYC
OJK Indonesia Issues Regulation to Implement Anti-Fraud Strategy
17/08/2024
Fraud detection systems must include whistleblowing policies and mechanisms, surprise audits, monitoring, and risk assessments of internal and external parties.
Sanctions
Russian Central Bank Cancels Banking Licence of Amex Unit
16/08/2024
American Express was given approval to liquidate its Russian business in May, two years after it suspended operations in the country.
Fintech / Regtech
NIST Finalises First Three Post-Quantum Encryption Standards
15/08/2024
Each standard contains the computer code and instructions for encryption algorithms that can withstand attacks from a quantum computer.
AML / KYC
Global Cybercrime Leader Extradited to Face Charges in the US
15/08/2024
Maksim Silnikau was responsible for developing and distributing the Reveton and Ransom Cartel ransomware strains, as well as the Angler Exploit Kit.
Enforcement
US SEC, CFTC Announce $470m in New Fines in WhatsApp Probe
15/08/2024
Since 2021, the SEC and CFTC have issued more than $3.3bn in penalties for record-keeping failures involving messaging platforms.
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