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
US, UK Include Professional Services in New Russia Sanctions
09/05/2022
New OFAC designations; US and UK bans on Russian access to professional services; New trade restrictions, vessel designations
AML / KYC
UK Gov Removes Key Sanctions List Format Without Notice
08/05/2022
The XML version of the FCDO sanctions list was removed last week. XML is the key format used by large organisations to automate sanctions compliance.
Big Picture
Data Governance Systems Need Better Consent Mechanisms: BIS
06/05/2022
Personal data is being aggregated and exploited, without the resulting benefits being passed on to consumers and businesses generating the data.
Capital / Liquidity
Hong Kong Banks Barred from Suing Defaulting Landlords
05/05/2022
For 3 months, lenders may not take action against landlords who default on secured loans as a result of a rental enforcement moratorium being imposed in Hong Kong.
AML / KYC
EU Set to Propose Sixth Sanctions Package Against Russia
04/05/2022
The new measures include a possible phased-in embargo on buying Russian oil and EU sanctions against Sberbank, with Germany’s backing.
ESG / Sustainability
CSRC Launches Campaign to Expand Public Funds Market
03/05/2022
Banks, insurers, brokers and foreign FIs are urged to establish licensed fund management companies. Fund investment channels will be expanded and operational rules relaxed.
AML / KYC
India: CERT-In Includes Crypto Firms in New Directions
03/05/2022
The directions require crypto exchanges, custodians and wallet providers in India to retain KYC information for five years and report cyber incidents to CERT-In.
AML / KYC
MAS Issues Guidance on Uplifting Name Screening Systems
30/04/2022
MAS observed an overreliance on system vendors to set the screening parameters. Most FIs did not enquire about or assess vendors’ information sources.
Fintech / Regtech
SFC Grants In-principle Approval to HashKey Crypto Platform
30/04/2022
HashKey’s platform will offer trading, brokerage and automated trading services for cryptocurrencies, virtual commodities, stablecoins and security tokens.
Capital / Liquidity
BOE’s Woods Proposes Simplified Bank Capital Framework
28/04/2022
The hypothetical framework would replace the current set of buffers with a “single, releasable buffer of common equity”, sitting on top of a low minimum requirement.
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