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
HKMA Updates Guidance on Transaction Monitoring, Screening, Reporting
10/02/2023
A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.
Sanctions
OFAC Issues Exemptions to Facilitate Syria Earthquake Relief Efforts
09/02/2023
US sanctions in Syria will not stand in the way of life-saving efforts for the Syrian people, said deputy treasury secretary Wally Adeyemo.
Market Infrastructure
RBI to Permit Borrowing and Lending of Government Bonds
09/02/2023
The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance “in a phased manner”.
Crypto / Digital Assets
UK Unveils Roadmap to Potential Digital Pound Issuance
08/02/2023
If issued, the digital pound would be subject to strict privacy standards. It would be intended for payments, non-interest-bearing, and subject to an initial cap on holdings.
Market Infrastructure
South Korea to Start Opening Up Domestic FX Market
08/02/2023
In 2024, the interbank FX market will be opened to offshore financial firms that become certified as ‘registered foreign institutions’.
Crypto / Digital Assets
Coinbase’s Exit From Japan Complicates Travel Rule Adoption
07/02/2023
With Coinbase leaving the market, Japanese VASPs using TRUST will likely have to switch to a different travel rule solution.
Crypto / Digital Assets
FSC Korea Details Plans to Introduce Security Token Regulations
06/02/2023
Investors are expected to be able to trade security tokens in 2024 through the digital platforms of major securities firms. General investors will be subject to investment limits.
Crypto / Digital Assets
Australian Treasury Issues Token Mapping Consultation Paper
06/02/2023
The paper distinguishes four major types of crypto-related products to help conceptualise how they might fit within existing regulatory frameworks.
Securities / Derivatives
Ransomware Attack Against ION Markets Hit Derivatives Traders
03/02/2023
The incident has forced firms to manually process derivatives trades. Ransomware gang Lockbit has threatened to publish stolen data unless a ransom is paid.
AML / KYC
UK Deadline Passes for Foreign Property Owners to Declare Identity
02/02/2023
The register has so far established that various billionaire businessmen, political donors, criminals, and sanctioned individuals own UK property through offshore jurisdictions.
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