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’s MUFG in Ongoing AML Probe by New York Regulators
23/11/2018
The probe has been ongoing since late 2017, where MUFG is alleged to have intentionally ignored internal controls meant to prevent it doing business with sanctioned entities.
Big Picture
Industry Bodies Call for Extended Benchmarks Regulation Transition Period
22/11/2018
ISDA, FIA, GFMA and EMTA have jointly published a briefing advocating an extension of the Benchmark Regulation transition period for critical and non-critical benchmarks.
AML / KYC
Lessons from Singapore’s KYC Utility Project
21/11/2018
The Association of Banks in Singapore has published a report detailing the core design decisions, achievements, challenges and lessons from the recently-shelved KYC utility project.
AML / KYC
Singapore Toughens Penalties for AML/CTF Offences
21/11/2018
Penalties are being raised for AML/CTF offences and failures to file suspicious transaction reports, while Singapore also expands on its arrangements with foreign FIUs.
Market Infrastructure
Some Aspects of Post-Crisis Reform Disincentivise Central Clearing
20/11/2018
A joint report from the FSB, BCBS, CPMI and IOSCO confirms earlier findings that some aspects of post-GFC reform may not incentivise central clearing of OTC derivatives.
Market Infrastructure
MAS, Central Banks Explore Alternative Models for Cross-Border Payments
20/11/2018
The central banks of Singapore, Canada and England jointly released a report discussing emerging opportunities for digital transformation in cross-border payments.
AML / KYC
MAS Payment Services Bill Finalised, Tabled in Parliament
19/11/2018
The Bill aims to provide a more conducive environment for innovation in payment services, while ensuring that risks across the payments value chain are mitigated.
Market Infrastructure
New Zealand Banks Must Address Risks from Sales-Linked Incentives – FMA
19/11/2018
The FMA expects banks to change sales-linked incentives, or explain how they will strengthen controls to address the risk of inappropriate sales.
AML / KYC
Taiwan’s Progress Impresses APG, Despite Some Shortcomings
19/11/2018
The APG was reportedly impressed by Taiwan’s performance during its third round of mutual evaluations, which concluded last week.
Market Infrastructure
FSB Issues Progress Report on Interest Rate Benchmark Reform
15/11/2018
The FSB notes progress to strengthen major IBORs and identify RFRs and other alternative reference rates, highlighting actions taken in Australia, Hong Kong and Singapore.
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