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 Consults on Changes to AML/CFT Guideline for Banks
19/01/2023
Banks must perform CDD on customers transferring virtual assets. Digital ID system iAM Smart can be used for identity verification.
AML / KYC
Authorities Dismantle Russia-Linked Crypto Firm Bitzlato
18/01/2023
Bitzlato facilitated $700mn in crypto transfers for Hydra users and received more than $15mn in ransomware proceeds.
Enforcement
China Further Signals End to Tech Sector Crackdown
18/01/2023
Didi passed its security review and is allowed to resume onboarding new customers. Government entities are acquiring “golden shares” in some tech giants.
Capital / Liquidity
RBI Proposes to Adopt ECL Approach for Loan Provisioning
17/01/2023
Indian banks currently still use the incurred loss model, which the RBI says delays NPA identification, loan reclassification, and provisioning.
Enforcement
Thailand: SEC’s Latest Tool to Protect Crypto Investors: Free E-Learning
16/01/2023
The ‘Crypto Academy’ is one of several measures the SEC has taken to protect crypto investors since local exchange Zipmex halted customer withdrawals in July 2022.
Crypto / Digital Assets
Samsung Asset Management Lists Hong Kong’s Third Crypto ETF
16/01/2023
The ETF traded 92,550 units on its first day, compared to 1,435,800 units traded between CSOP’s two ETFs on their first day last month.
ESG / Sustainability
Korea Issues Guidelines to Improve Transparency of ESG Bond Ratings
16/01/2023
The guidelines reflect IOSCO’s recommendations and will be implemented as KOFIA best practice from 1 February 2023.
Crypto / Digital Assets
CFTC Takes First Action Involving Decentralised Crypto Exchange
12/01/2023
The CFTC filed fraud and swap manipulation charges against a hacker, saying the Commodity Exchange Act applies to decentralised blockchain-based trading platforms.
PBOC, CBIRC Call on Banks to Help Stabilise Property Sector
12/01/2023
Officials asked banks to align their credit policies with stability objectives, including to help improve cash flows and balance sheets at “high-quality” real estate firms.
AML / KYC
Financial Crime: Threats, Challenges, and Priorities for 2023
12/01/2023
RUSI’s Tom Keatinge discusses the continuing focus on fraud and scams in Asia, and work underway on asset recovery, sanctions, and environmental crime.
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