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
AUSTRAC Issues New Guidance on Ransomware, Crypto Crime
21/04/2022
Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.
Crypto / Digital Assets
FSB Warns of Emerging Vulnerabilities, Financial Stability Risks
21/04/2022
Global financial stability cannot be taken for granted going forward, FSB Chair Klaas Knot said in a letter to G20 Finance Ministers and Central Bank Governors.
Market Infrastructure
China Legislature Passes Futures and Derivatives Law
21/04/2022
The final version of the law further improves derivatives trading supervision and specifies rules for foreign institutions operating in China.
Fintech / Regtech
HKMA to Develop Additional Safeguards for Bank Customers
20/04/2022
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
AML / KYC
Countries Must ‘Redouble Efforts’ to Fight Financial Crime: FATF
19/04/2022
The FATF finds that countries have made “huge progress” in improving technical compliance, but many still face substantial challenges in taking effective action.
ESG / Sustainability
JPX Issues Framework for Digitally Tracked Green Bonds
19/04/2022
JPX also announced a partnership with Hitachi, Nomura Securities and BOOSTRY to issue the first publicly-offered bonds under the new framework.
AML / KYC
FSA Offers Update on Work to Strengthen Japan’s AML System
17/04/2022
Discussions are underway on the implementation of a new shared transaction monitoring and screening system. A new ‘beneficial ownership list system’ has been established.
Fintech / Regtech
BOJ Offers Clues on Path Forward for CBDC Issuance
15/04/2022
The BOJ has commenced phase two testing on a CBDC. Later this fiscal year, it plans to seek input from the public on how a CBDC might benefit businesses and the overall payments landscape.
Sri Lanka to Temporarily Stop Servicing Foreign Debt
14/04/2022
The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
Market Infrastructure
DSB Publishes Draft Legal Documentation for Future UPI Users
12/04/2022
The expected UPI reporting timeline has been revised to late Q4 2023 instead of Q3 2022, which the DSB says will help market participants’ implementation efforts.
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