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
MAS Identifies AML/CFT Control Lapses at VCCs
14/09/2022
MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
AML / KYC
UN Official Calls for Removal of All Iran Sanctions
14/09/2022
Alena Douhan calls on the US and its allies to lift all sanctions and other restrictions against Iran, and invites the UN to propose mechanisms of compensation, remedy and redress.
Crypto / Digital Assets
US SEC to Establish New Office for Crypto-related Filings
13/09/2022
In a recent speech, SEC chair Gary Gensler highlighted the need for better disclosures for crypto investors. He also said the “vast majority” of crypto tokens are securities.
Enforcement
Australia Tables Bill to Establish Compensation Scheme of Last Resort
13/09/2022
Some in the industry have expressed concerns that the CSLR does not go far enough, as its scope does not cover managed investment schemes.
AML / KYC
FSDC Calls for Review of Hong Kong ‘Suitability’ Framework
13/09/2022
The FSDC says Hong Kong’s suitability framework has grown too “complex” and the suitability obligations are “overly prescriptive”.
ESG / Sustainability
SGX RegCo to Further Enhance Corporate Governance Rules
13/09/2022
SGX RegCo will consult on mandatory requirements for listed companies to disclose the dollar values of director and CEO remuneration.
AML / KYC
US Treasury Issues Guidance on Russian Oil Price Cap
12/09/2022
The price cap on Russian crude starts in December. India and China import over half of Russia’s seaborne oil. Nord Stream 1 is closed.
Securities / Derivatives
Korea: FSS Governor Puts Accounting Industry on Notice
12/09/2022
The FSS will intensify its supervision of the accounting sector and punish serious irregularities to raise audit quality and industry professionalism.
ESG / Sustainability
MAS, SGX Launch Digital Disclosure Portal for ESG Data
12/09/2022
ESGenome will reduce the effort required of listed entities to report on sustainability, assess impact, and drive informed decision making.
Market Infrastructure
CPMI Issues Update on ISO 20022 Harmonisation Work
12/09/2022
High-level harmonisation requirements for cross-border payments will take effect in 2025, and be adopted by all existing usage guidelines.
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