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.

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
Hong Kong's proposed changes to its stock market listing regime will strengthen the enforcement powers of the territory's capital markets regulator, said Mohan Datwani, a senior director at the...
21 June 2016
Relaxing Hong Kong's rules and regulations to permit non-conventional investments by individual savers planning for retirement through their mandatory provident funds ("MPF") will be an...
21 June 2016
Financial institutions should be able to better fulfil their obligations following the release of new anti-money laundering and counter-terrorist financing guidelines released by the ...
20 May 2016
The chief executive of Hong Kong’s securities regulator, Ashley Alder, has been appointed chairman of the Madrid-headquartered International Organization of Securities Commissions ("IOSCO...
18 May 2016
Artificial Intelligence ("AI") has the potential to bring about dramatic changes in the financial services industry, a new survey has found.  Such developments could help financial...
9 May 2016
Insurance companies in Asia are increasingly being used as vehicles to spirit money out of China and circumvent Chinese capital controls, officials said.  While insurance companies have been...
25 April 2016
More cooperation in anti-corruption enforcement has raised the stakes for financial institutions and multinational corporations, a recent international fraud survey found. The report highlighted...
25 April 2016
A recent guidance paper on know your customer ("KYC") procedures for financial institutions in India has been criticised by some industry commentators for singling out only foreign politicians as...
25 April 2016
The intersection between anti-money laundering compliance and the burdens of the US Foreign Account Tax Compliance Act ("FATCA"), will keep financial institutions in Asia busy for years....
13 April 2016
Hong Kong's capital markets regulator has started Market Misconduct Tribunal ("MMT") proceedings against Yorkey Optical International (Cayman) for failing to disclose price sensitive inside...
8 April 2016
Hong Kong's capital markets regulator has fined Moody's Investors Service HK$11 million for failings related to a report that it compiled on China.  The Securities and Futures Commission's...
8 April 2016
The future of the compliance profession rests upon using technology to automate current labour-intensive compliance processes, US lawyer Michael Volkov said. However, he said there would...
1 April 2016
Hong Kong and Singapore have broken new ground when it comes to combating trade-based money laundering ("TBML") through the issuance of their recent respective guidance, an official said. Western...
23 March 2016
Recently issued guidelines on trade-based money laundering in Hong Kong have come under criticism from industry officials, who claim the guidelines do not adequately cover problems associated with...
14 March 2016
Cybercrime is an increasing threat to firms in Hong Kong and Macau, alongside entrenched bribery and corruption woes in mainland China, a new report said. The study found that more organisations in...
3 March 2016
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