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
Crypto / Digital Assets
FSB Finalises Global Regulatory Framework for Crypto-asset Activities
18/07/2023
The recommendations were improved to better safeguard client assets, address conflicts of interest, and improve cross-border cooperation.
AML / KYC
BSEC Chairman Under Scrutiny for Links to International Fraud
17/07/2023
BSEC chairman Shibli Rubayat ul Islam allegedly received $800,000 in payments from accounts linked to a $13mn fraud against Hong Kong-based Ming Global.
Crypto / Digital Assets
Ripple Scores Partial Victory in SEC Case
17/07/2023
The court ruled that XRP is not a security when sold in the secondary market. The case will proceed to trial to determine if institutional sales of XRP were unregistered securities offerings.
AML / KYC
Singapore ACIP Issues Guidance on Managing Crypto-Related ML/TF Risk
17/07/2023
FIs are encouraged to actively identify customers with a nexus to cryptocurrencies, and to apply EDD where ML/TF and sanctions risks are assessed to be higher.
Crypto / Digital Assets
US Agencies Settle Charges Against Crypto Lender Celsius Network
16/07/2023
Celsius Network and founder Alexander Mashinsky charged for failing to register crypto lending product, defrauding customers, manipulating price of CEL token.
Fintech / Regtech
UK FCA Outlines Plans for Regulating AI and Big Tech
16/07/2023
The FCA will address competition issues raised by Big Tech firms and potentially expand the SMCR to apply to “the most senior individuals managing AI systems”.
UK Supreme Court Rules for Barclays in APP Fraud Case
14/07/2023
Customer argued Barclays owed her a duty to not comply with her instructions if the bank suspected she was being defrauded.
Crypto / Digital Assets
FSB Delivers Key Updates on Crypto, Climate to G20
14/07/2023
The FSB said attention must now turn to implementation of its new crypto regulatory standards; Updated roadmap on climate risks is published.
Big Picture
BIS Releases Three Reports Covering Crypto, Stablecoins, CBDC
13/07/2023
One report says explains why crypto assets are ill-suited to play a significant role in the monetary system. The other two discuss CBDC progress.
Big Picture
Collateral Use Can Introduce Financial Stability Risks: BIS Officials
12/07/2023
Using collateral reduces incentives for borrower screening and monitoring and can undermine the safe haven status of government securities.
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