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
EU Council Agrees Position on AML/CFT Reform Package
11/12/2022
The package includes AML/CFT rules for the crypto sector and a ban on cash payments over EUR 10,000, among other measures.
Crypto / Digital Assets
RBNZ to Start Monitoring Local Use of Crypto, Stablecoins
11/12/2022
The monitoring framework will help the RBNZ understand how the market for new forms of money is developing and the implications for the monetary system.
Capital / Liquidity
APRA Finalises Expectations on Holding Contingent Liquidity
11/12/2022
MLH ADIs with more than A$1bn in liabilities are expected to reduce self-securitised assets held as contingent liquidity to at least 10% of total deposits and short-term wholesale liabilities.
Capital / Liquidity
APRA Finalises New Standard on Public Disclosures by Banks
09/12/2022
The standard, which will require disclosure of remuneration arrangements, will become effective from 1 January 2025, 12 months later than initially proposed.
Crypto / Digital Assets
Australian Regulators Progressing Work on Stablecoins, CBDC
09/12/2022
The CFR is trying to incorporate payment stablecoins into the proposed framework for SVFs. Meanwhile RBA assistant governor warns that CBDC could threaten financial stability.
AML / KYC
Hong Kong Legislative Council Passes AML/CTF Amendment Bill
08/12/2022
New licensing regime for VASPs will start on 1 June 2023. New registration regime for precious metals dealers will start on 1 April 2023.
AML / KYC
Wolfsberg Group Endorses Use of AI/ML for Financial Crime Compliance
05/12/2022
New report sets out five principles that support the ethical and responsible use of artificial intelligence and machine learning in financial crime compliance.
Sanctions
US, Korea, Japan Sanction DPRK Over Missile Tests
05/12/2022
The sanctions were imposed in response to recent ballistic missile tests, including one that had enough range to reach the US mainland.
AML / KYC
FATF Calls on AML Practitioners to Target Opioids Trafficking
02/12/2022
New FATF report provides risk indicators to help identify opioids trafficking, noting that FIs and DNFBPs are an “important source of information” for FIUs.
Crypto / Digital Assets
Singapore Deputy PM Defends Temasek Over FTX Loss
01/12/2022
The FTX loss is disappointing, but it does not imply that the governance system is not working, deputy PM Lawrence Wong said.
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