Manesh Samtani
Manesh manages the news desk and serves as an editor at Regulation Asia. He covers regulatory changes across Asia Pacific that impact banking, capital markets, asset management, and financial services more generally. Manesh is a former trader and investment consultant with a degree in Finance and Banking. manesh@regulationasia.com
Articles by Manesh Samtani
AML / KYC
Korea Passes Amendment to Address Account Coercion Scams
05/02/2024
The amendment would make it easier for victims of account coercion scams to lift account suspensions more quickly.
Crypto / Digital Assets
Hong Kong Planning Regulatory Framework for OTC Crypto Venues
03/02/2024
Some OTC venues including physical shops played a role in fraud cases last year, said top Hong Kong official Christopher Hui.
Securities / Derivatives
China Issues Reputational Risk Management Rules for Futures Firms
02/02/2024
Futures companies are required to integrate reputational risk management across all departments, branches, subsidiaries, and staff.
Sanctions
US Sanctions Four Israelis for Violence on Palestinians
01/02/2024
These are the first sanctions targeting Israeli citizens. FinCEN also issued an alert to help FIs identify activity that finances violence against Palestinians in the West Bank.
Fintech / Regtech
Reforms Needed to Better Regulate AI: ASIC Chair
01/02/2024
ASIC is conducting a review into the use of AI in the banking, credit, insurance, and advice sectors to better understand use cases and impacts to consumers.
AML / KYC
China to Amend AML Law to Address Virtual Asset Risks
01/02/2024
Draft amendments bring virtual assets into scope. FIs would also be required to assess money laundering risks before adopting new technologies and launching new products.
Crypto / Digital Assets
Harvest Becomes First Hong Kong Applicant for Spot Bitcoin ETF
30/01/2024
Harvest Global Investments has applied to list a spot Bitcoin ETF in Hong Kong, and also plans to participate in HKMA’s stablecoin sandbox.
Crypto / Digital Assets
FSS Korea to Restructure Virtual Asset Fraud Reporting Centre
30/01/2024
Users can report unfair trades, not just frauds and scams. Reporting process, investigation support and coordination to also improve.
Capital / Liquidity
Taiwan FSC Opens Applications for Banks Seeking to Use IRB Approach
29/01/2024
The FSC published application documents and explanatory materials to aid banks in making their applications. The first batch of applications are due on 30 June 2024.
Securities / Derivatives
CSRC Adds More Securities Lending Curbs to Boost Stock Market
29/01/2024
Shareholders are no longer allowed to lend shares during their lock-up period. Borrowed shares will no longer be available on the same day.
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