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 Issues Guidance on Russia Sanctions Compliance
17/03/2022
Crypto exchange operators have all been instructed to provide details of their Russia-linked clients to the regulator.
Fintech / Regtech
MAS Guidance on Stablecoins Set to Impact Crypto Firms
15/03/2022
Stablecoins must be treated as DPTs rather than e-money. A new notice specifies a risk warning that must be provided to all customers of DPT services.
AML / KYC
BIS Suspends Russian Central Bank as UK Adds More Sanctions
11/03/2022
UK adds seven names to its sanctions list. Goldman and JPMorgan to close Russian operations. Russia to nationalise assets of foreign companies.
AML / KYC
Russia Warns of “Swift” Response to US Energy Import Ban
10/03/2022
EU adds 160 names to sanctions list, extends SWIFT ban to Belarus; New Zealand passes Russia Sanctions Bill. Fitch projects “imminent” sovereign default.
AML / KYC
US Ramps Up Russia Pressure With Energy Import Ban
09/03/2022
Russian energy will no longer be accepted at US ports and will be phased out in the UK and EU. New sanctions imposed by APAC jurisdictions.
Market Infrastructure
Russian Banks Moving to China UnionPay for Card Issuance
08/03/2022
Visa, Mastercard and American Express have all announced decisions to suspend their operations in Russia due to its invasion of Ukraine.
Securities / Derivatives
Best Execution Requirements Come into Force in Singapore
08/03/2022
MAS finalised the best execution requirements in September 2020, giving firms an 18-month transitional period for compliance.
AML / KYC
SGX Issues Directions to Listed Issuers on Sanctions Compliance
08/03/2022
Gazprom’s GDR listing on SGX has been suspended. Issuers are directed to suspend trading if they are subject to sanctions or engaging in sanctioned business dealings with Russia.
AML / KYC
New Zealand to Pass Russia Sanctions Bill This Week
08/03/2022
The bill will pass “under urgency” this week, to provide further, extensive sanctions on Russia and individuals and companies connected to the Russian government.
AML / KYC
Russia Lays Out Three Exit Options for Foreign Firms
07/03/2022
One option is for foreign shareholders to transfer their shares to be managed by Russian partners until they return to the market at a later date.
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