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
Market Infrastructure
Korea Set to Implement New Responsibility Mapping System
11/06/2024
Financial holding companies and banks with assets over KRW 5 trillion must submit responsibility maps by 2 July 2026.
Crypto / Digital Assets
Korea Sets Guidelines on Treatment of NFTs Under New Law
11/06/2024
NFTs that are not unique, produced in large quantities, split into fractional units, or used in payments will be regulated under the new Virtual Asset User Protection Act.
AML / KYC
GCFFC APAC Chapter Publishes First Financial Scams Report
10/06/2024
The GCFFC calls for the establishment of an international task force or body with a clear anti-fraud and scams mandate.
AML / KYC
Singapore Sentences 9th Individual in Money Laundering Case
10/06/2024
Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.
Sanctions
IAEA Issues Resolution Calling for Cooperation from Iran
08/06/2024
When proposing the resolution, the UK, France and Germany noted that the power to “snap back” UN sanctions on Iran is available until October 2025.
ESG / Sustainability
China Releases Plans for Carbon Footprint Management System
08/06/2024
The government expects the carbon footprint management system to force companies to participate in carbon market transactions.
Fintech / Regtech
US Treasury Seeks Input on Use of AI in Financial Services
07/06/2024
Treasury Secretary Janet Yellen said the use of AI in finance presents “tremendous opportunities and significant risks”.
Crypto / Digital Assets
VASP Business Closures Not Being Handled Properly: KoFIU
07/06/2024
More VASPs are expected to close ahead of the Virtual Asset User Protection Act coming into effect on 19 July, KoFIU said.
Big Picture
Significant Progress Made on Cross Border Payments: CPMI
07/06/2024
More work is needed to integrate cross-border projects with domestic systems, and to extend the operating hours of key payment systems.
Enforcement
ASIC Investigating Financial Hardship Practices at Lenders
07/06/2024
ASIC commenced court action against one major bank last year. Three other lenders are under formal investigation.
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