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
Wolfsberg Group Issues Guidance on Managing Customer Risk
29/03/2022
FIs should consider building “more holistic” customer profiles, using additional identity attributes and ensuring they are alerted to changes in data points.
Market Infrastructure
NGFS Forms New Task Force to Address Nature-related Risks
28/03/2022
The extent and severity of the physical and transition risks linked to biodiversity loss will be more difficult for the financial industry to assess than for climate change.
AML / KYC
US, Australia Impose Sanctions Over DPRK Missile Tests
28/03/2022
The sanctions were imposed against Russian and North Korean entities and individuals over missile tests on 27 February, 5 March and 24 March.
Fintech / Regtech
IOSCO Forms New Task Force Targeting DeFi Regulation
26/03/2022
The task force, chaired by MAS assistant managing director Tuang Lee Lim, will help coordinate policy action to address the risks in DeFi.
AML / KYC
US Imposes Fresh Russia Sanctions, G7 Pledges to Block Gold Trades
25/03/2022
The G7 and EU will prohibit gold-related transactions involving Russia and ramp up monitoring and information sharing to prevent Russian sanctions evasion.
AML / KYC
SFC Sets Out Expectations on Managing BEC Risk
24/03/2022
Most successful business email compromise frauds occurred because LCs did not check or verify the identities of email senders or they ignored red flags.
Fintech / Regtech
ANZ Launches First Bank-issued AUD Stablecoin
24/03/2022
The stablecoin is expected to help investors avoid the costs and exchange rate risk associated with converting AUD into USD to trade in crypto markets.
ESG / Sustainability
Bursa Malaysia to Enhance Sustainability Reporting Framework
24/03/2022
Listed issuers will be required to disclose prescribed “common sustainability matters” and indicators and provide TCFD-aligned climate change related disclosures.
AML / KYC
New Zealand Pledges to Enhance Beneficial Ownership Transparency
23/03/2022
A new bill will require companies to provide accurate beneficial ownership information. A unique identifier will be assigned to all beneficial owners and directors.
AML / KYC
FATF Spotlights ML/TF Risks Associated with Migrant Smuggling
23/03/2022
Financial institutions have an important role to play in helping authorities profile migrant smugglers’ financial behaviour, the FATF says in a new report.
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