Manesh Samtani
Manesh Samtani is Editor at Regulation Asia, where he leads the editorial and research teams from Hong Kong. His work examines how regulatory change and technology are reshaping banking and financial markets, with a particular focus on digital assets, financial crime and sanctions. Manesh is a former securities industry practitioner and holds a bachelor's degree in finance and banking. [email protected]
Articles by Manesh Samtani
Conduct, Culture & Accountability
China Fines PwC $62m, Suspends Firm for Six Months
14/09/2024
PwC’s China unit helped Evergrande’s mainland flagship unit, Hengda Real Estate Group, to overstate its revenue by CNY 564 billion from 2018 to 2020.
PEPs & Sanctions
OFAC Sanctions Cambodian Tycoon for Scam Centre Operations
13/09/2024
Billionaire Ly Yong Phat was sanctioned for his role in human trafficking and human rights abuses tied to scam centre operations he controls in Cambodia.
Capital Adequacy
UK Publishes 2nd Policy Statement on Basel III Implementation
13/09/2024
The new rules will come into force on 1 January 2026, which is six months later than was stated in the December proposal.
Data Privacy
Australia Introduces First Tranche of Privacy Reforms to Parliament
12/09/2024
The proposed reforms will strengthen the OAIC’s enforcement toolkit and provide the Courts new functions and capabilities to address privacy breaches.
KYC & CDD
GCFFC Calls for Better Access to Global Beneficial Ownership Data
12/09/2024
In a new report, the GCFFC outlines key considerations for building technological systems to standardise the collection and publication of BO data across jurisdictions.
Fraud, Scams & Cybercrime
UK FCA to Update Guidance on Addressing Suspicious Payments
12/09/2024
The updated guidance aims to support a new policy that will enable PSPs to delay payments when fraud or dishonesty is suspected.
Reporting & Disclosures
Australian Parliament Passes Climate Disclosures Legislation
11/09/2024
Climate-related disclosures will be mandatory for all public companies and large proprietary companies starting in January 2025.
Capital Adequacy
Fed Official Outlines Revised ‘Basel Endgame’ Plans
11/09/2024
Capital levels for G-SIBs would be raised by 9 percent, substantially less than the 19 percent in last July’s proposal.
Trading & Investment
SFC Sets Rules for Distributing Research on Stock Connect ETFs
10/09/2024
Hong Kong intermediaries are allowed to distribute research reports of eligible Mainland ETFs that are available in Hong Kong via Stock Connect.
Operational Risk
FSS Korea Launches Operational Risk Management Task Force
10/09/2024
The taskforce aims to develop operational risk management standards, guidelines, and implementation plans for the banking, insurance, cards, and IT sectors.
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