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
Crypto / Digital Assets
EU Unveils Digital Finance Strategy, Crypto-asset Framework
27/09/2020
The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.
AML / KYC
Stockbrokers’ Association Pushes Back Against AUSTRAC Proposal
25/09/2020
AUSTRAC proposed in July to allow brokers to open accounts for new clients with flexibility to complete the customer identification procedure within five days.
Capital / Liquidity
India Establishes Netting Certainty for Bilateral OTC Derivatives
24/09/2020
Parliament passed a bill providing legal basis for bilateral netting of OTC derivatives contracts which are not centrally cleared.
Market Infrastructure
FSDC Calls For HK-listed Derivatives Tracking A-Shares
24/09/2020
Once the new A-share based derivatives products are launched in Hong Kong, they should be opened up to Mainland investors via Stock Connect.
AML / KYC
Westpac, AUSTRAC Agree A$1.3bn Penalty for AML Breaches
24/09/2020
If the Federal Court of Australia determines the penalty is appropriate, it will represent the largest ever civil penalty in Australian history.
Market Infrastructure
China to Further Relax Foreign Access to Bond Market
23/09/2020
The PBOC and SAFE are consulting on new rules that will reduce restrictions on outward remittances for institutional investors, among other rule changes.
AML / KYC
FinCEN Files: Philippine Money Remitters Named in SARs
23/09/2020
Philrem and Werquick used local banks to wire funds for unidentified customers without identifying source of funds, the true beneficiary, or the purpose of the transactions.
Market Infrastructure
SGX, NSE Formalise Agreement to Operationalise ‘Connect’
22/09/2020
The Connect will bring trading of SGX Nifty products to GIFT City to create a larger pool of liquidity, comprising both foreign and domestic market participants.
AML / KYC
FinCEN Files Reveal AML Failures at Global Banks
21/09/2020
The trove of documents shows that the banks allowed $2tr to flow through the financial system despite having flagged the transactions as suspicious.
AML / KYC
SFC Revises AML/CFT Guidelines for Securities Sector
20/09/2020
The proposed amendments seek to align the SFC’s guidelines with the FATF guidance for adopting a risk-based approach in the securities sector.
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