The Management of Cash Entering and Leaving Indonesia

The Director General of Customs has recently released Rule Number - 01/BC/2005 (“DJBC Rule 1/2005”) to clarify the management of cash transactions involving the entry or exit cash from Indonesia. This Rule is related to the implementation of Law No. 15 of 2002 as amended by Law No. 25 of 2003 on Money Laundering (the “Money Laundering Law”) and Bank Indonesia Regulation No. 4/8/PBI/2002 on the Procedures to Bring Rupiah Into or Out Of the Customs Zone of the Republic of Indonesia. The Rule regulates cash transactions of IDR 100 million or more or an equivalent in foreign currency.