Ajay Shamdasani

Ajay Shamdasani is a senior staff writer with Thomson Reuters Regulatory Intelligence in Hong Kong. He covers regulatory developments in Hong Kong, India and South Korea. He also writes about money laundering, fraud, corruption, data privacy and cybercrime.

Recently proposed amendments to Hong Kong's professional investor regime should benefit compliance and legal professionals since they reflect evolving market practice, industry officials...
23 March 2017
The risk-based approach to anti-money laundering and know-your-customer compliance is not without its problems, especially in the context of client onboarding and transaction monitoring, a senior...
23 March 2017
Trade-based money laundering ("TBML") continues to be a growing concern to the Financial Action Task Force ("FATF") and regulators in Asia, a consultant said. Enhanced due diligence ("EDD") on...
26 January 2017
A recently announced regime for mapping managers in charge of financial firms' regulated activities in HongKong will be a burden to locally-based compliance and legal staff, sources said....
20 December 2016
Hong Kong's securities regulator issued two restriction notices on Friday, 16 December, to Interactive Brokers LLC ("IBLLC") and Interactive Brokers Hong Kong ("IBHK"), after it...
20 December 2016
Hong Kong's capital markets regulator has launched a three-month consultation period on proposals to enhance the regulation of the asset management industry and point-of-sale...
25 November 2016
Firms should always assume that they have been the victims of cyber crime and that their systems have been hacked, a Hong Kong police official said. Dicky Wong, a Royal Hong ...
11 November 2016
More details need to be discussed and determined before Hong Kong's audit profession can have a truly independent regulator, the professional body governing its accounting sector said.  The...
4 November 2016
The Asia Securities Industry & Financial Markets Association ("ASIFMA") recently published guidelines for a more balanced approach to the use of powers of attorney by senior institution-members...
27 October 2016
John Leung, Hong Kong’s commissioner of insurance, said during a keynote address on Thursday, 20 October, that his regulatory body – the Office of the Commissioner for Insurance ("OCI...
27 October 2016
The recent five-year ban from Hong Kong's securities regulator against the founder of US-based short-seller Citron Research for market manipulation, should put compliance and legal staff on...
27 October 2016
Banks stand to benefit from considerable cost savings and from the automation of compliance tasks in the years ahead, as markets and regulators continue to embrace FinTech developments, according to...
6 October 2016
Hong Kong's financial institutions have better corporate governance than most other corporations in the territory, according to a report. In a PwC study of 230 listed companies on the...
4 October 2016
Reliance on outdated compliance processes which fail to take into account advances in technology is likely to pose significant problems for firms at a time of frequent cyber attacks, officials said....
4 October 2016
A proposed rule change to liberalise and clarify exemptions from intermediary registration for persons outside the US by the Commodity Futures Trading Commission ("CFTC") may benefit Asian...
31 August 2016
Proposed amendments to Hong Kong's listing rules and a difference of opinion between regulators and the stock exchange over how to proceed have highlighted the challenges that must be...
15 August 2016
Expected new guidelines from Hong Kong's banking regulator to ease regulatory requirements for account opening may lead to greater clarity but will not significantly lessen know your customer...
15 August 2016
Financial institutions should worry about the anti-money laundering ("AML") issues that the UK Bribery Act (2010) gives rise to despite the law having been in effect for just over five years, lawyers...
4 August 2016
A recently launched cyber security initiative by Hong Kong's banking regulator will have implications across a broad section of bank staff, including senior managers and compliance teams, local...
3 August 2016
The US Supreme Court's recent decision in the RJR Nabisco, Inc. v European Community case confirms the broadness with which US authorities can pursue individuals and...
14 July 2016
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