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
AML / KYC
Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering
16/08/2023
The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.
Capital / Liquidity
HKEX, Banks Working to Enhance Market Attractiveness – Report
16/08/2023
Measures discussed include scaling back the stamp duty, and introducing cross margin arrangements to lower margin financing costs.
Big Picture
Inside ASIC’s Derivatives Reporting Rule Rewrite
14/08/2023
ASIC’s Alex Orgaz-Barnier and DTCC’s Priya Kundamal spoke to Regulation Asia about the changes to the derivative transaction reporting regime in Australia.
CSRC Meets With Developers as Property Market Faces Renewed Pressure
13/08/2023
Property firms were asked to share information about their home sales, cash flow, debt situation, and funding needs.
Fintech / Regtech
Indian Lawmakers Pass New Data Protection Law
11/08/2023
The law has raised concerns over the excessive powers granted to the government to access private data without consent.
Crypto / Digital Assets
Fed Unveils New Supervision Programme for Banks Engaging With Crypto
10/08/2023
The Fed requires banks to obtain a written notification of supervisory nonobjection before engaging in activities involving stablecoins.
Enforcement
SEC, CFTC Penalise Firms $555m for Use of Unapproved Messaging Apps
09/08/2023
The use of “off-channel” communications was “pervasive and longstanding”. Wells Fargo was penalised $200mn, while BNP Paribas and SocGen were each fined $110mn.
AML / KYC
OCBC Integrates Anti-Malware Feature in Mobile Banking App
08/08/2023
OCBC’s digital banking app will now only work on mobile devices if their mobile apps are all downloaded from official app stores.
Enforcement
SFC to Gain Powers to Tackle Insider Dealing with Cross-Border Element
08/08/2023
The SFC will be better able to address insider dealing perpetrated in Hong Kong involving overseas-listed securities, and insider dealing perpetrated overseas involving HK-listed securities.
Crypto / Digital Assets
SFC Warns of ‘Improper Practices’ by Unlicensed Crypto Exchanges
08/08/2023
Some crypto exchanges have misled investors by falsely claiming they have applied for licences when in fact they have not.
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