Kamis, April 5, 2012

Money Laundering and Terrorism Funding Prevention

Bank Indonesia recently issued Regulation No. 14/3/PBI/2012 on Anti-Money Laundering Programs and Terrorism Funding Prevention for Non-Bank Payment System Organizers (“Regulation”). The Regulation requires prevention measures to ensure that platform payment systems organized by non-bank payment system service providers do not facilitate money laundering or fund terrorism.

The Regulation, pursuant to Article 2 (2), applies to issuers and acquirers of:

1.	Card-Based Payment Instrument Platforms (Alat Pembayaran Menggunakan Kartu – APMK);
2.	Electronic money; and
3.	Money Wire Organizers (Kegiatan Usaha Pengiriman Uang – KUPU).

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*Syarat dan ketentuan berlaku

The Regulation, pursuant to Article 2 (2), applies to issuers and acquirers of:

1.	Card-Based Payment Instrument Platforms (Alat Pembayaran Menggunakan Kartu – APMK);
2.	Electronic money; and
3.	Money Wire Organizers (Kegiatan Usaha Pengiriman Uang – KUPU).

......