Procedures in exercising PPATK?s Authority

Presidential Regulation No. 50 of 2011 on the Procedures of Exercising the Authority of the Financial Transactions Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan/ PPATK) (“Regulation”) has been issued in order to implement Article 46 of Law No. 8 of 2010 on the Prevention and Eradication of Money Laundering.

The Regulation includes provisions on the prevention and eradication of the crime acts of money laundering (Chapter II); the management of data and information acquired by PPATK (Chapter III); supervising reporting party compliance (Chapter IV); the analysis or examination of financial transaction reports and information that indicates money laundering and/or other criminal acts related to money laundering (Chapter V); and accountability (Chapter VI).