Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
AML / KYC
FATF Publishes First Comprehensive Report on Ransomware
16/03/2023
The report says the payment and subsequent laundering of ransomware proceeds is “almost exclusively conducted through virtual assets”.
Crypto / Digital Assets
Barney Frank Says Signature Bank Was Targeted to Deliver Anti-Crypto Message
15/03/2023
Barney 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.
Capital / Liquidity
Fed to Provide Liquidity Backstop as Two More Banks Close
13/03/2023
US regulators are offering emergency funding to prevent a wider crisis after Silicon Valley Bank and Signature Bank were closed.
Fintech / Regtech
FIA to Form New Global Taskforce in Response to ION Outage
08/03/2023
The taskforce will assess existing cyber protections, response protocols, and safeguards around third-party service providers.
Big Picture
BIS Paper Takes Stock of Individual Accountability Regimes
08/03/2023
The paper introduces the concept of the “accountability stack”, which presents a broad range of regulatory instruments and supervisory tools that target individual accountability.
AML / KYC
US SEC Fines Rio Tinto Over Bribery Scheme Involving Guinea Mining Rights
08/03/2023
Rio 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.
Crypto / Digital Assets
FTX’s Alameda Sues Grayscale for Trapped Crypto Assets
08/03/2023
Alameda 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.
AML / KYC
HKMA Issues New AML/CFT Guidance for Private Banks
08/03/2023
Guidance is offered to reduce the burden on legitimate private banking customers trying to use banking services in Hong Kong.
Crypto / Digital Assets
Crypto Focused Bank Silvergate Edges Towards Closure
06/03/2023
Silvergate warned that it was evaluating its ability to operate as a going concern, prompting client departures and the discontinuation of its crypto payments network.
Securities / Derivatives
Foreign Firms Announce New Mutual Fund Launches in China
06/03/2023
Neuberger Berman and Fidelity International are launching new funds. AllianceBernstein won approval. UBS is planning to apply. VanEck is withdrawing.
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