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
Japan FSA Orders AEON Bank to Improve AML/CFT Systems
27/12/2024
The FSA said AEON Bank neglected at least 14,639 transactions detected by its surveillance system and takes too long to report suspicious transactions
ESG / Sustainability
China Finalises Sustainability Disclosures Standards for Enterprises
27/12/2024
The so-called ‘Basic Standards’, designed to align with IFRS S1, will initially be implemented by enterprises on a voluntary basis.
ESG / Sustainability
HKEX Will Adopt Changes to Corporate Governance Code
26/12/2024
HKEX will cap the number of board seats that INEDs can hold at six and limit the duration of their tenure to nine years.
Big Picture
BIS Paper Encourages Wider Global Adoption of FPS
26/12/2024
The paper examines how FPS have revolutionised payments, drawing lessons from Brazil’s Pix, Costa Rica’s SINPE Móvil, and India’s UPI.
AML / KYC
UN General Assembly Adopts New Cybercrime Convention
26/12/2024
The Convention will help to address online child sexual abuse, sophisticated online scams and money laundering
Fintech / Regtech
FSC Korea Announces Schedule for Internet-only Bank Applications
26/12/2024
Six consortia are interested in applying for an internet-only bank licence. Applicants with links to established FIs are seen as leading candidates.
AML / KYC
Court Reinstates FinCEN’s Beneficial Ownership Reporting Rule
25/12/2024
The Court lifted an injunction that reinstates a 1 January 2025 reporting deadline. FinCEN has extended the deadline to 13 January 2025.
Capital / Liquidity
Findings Released from Probe into Credit Suisse Rescue Deal
25/12/2024
The parliamentary probe found shortcomings but “no misconduct” by Swiss authorities and said they ultimately “prevented a global financial crisis”.
Big Picture
Europol Examines Criminal Abuse of Legal Business Structures
24/12/2024
New Europol report details how legal business structures are used to enable and disguise organised crime and launder criminal proceeds.
Securities / Derivatives
CSRC, SFC Finalise Enhancements to Funds Recognition Scheme
23/12/2024
SFC’s Julia Leung said the enhancements will expand the business potential for asset managers and the diversity and scale of MRF products.
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