Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Leo Wisnu Susapto, Robert Sidauruk
In numerous graft cases handled by the Corruption Eradication Commission (KPK), the suspects are usually caught red-handed with huge amount of cash.
Due to this condition, the Indonesian Financial Transaction Reports and Analysis Center (PPATK), including anti-corruption activists, recommends that a regulatory framework to limit cash transaction be issued. Unfortunately, this recommendation was refused by the House of Representatives.
Chandra M Hamzah, former KPK commissioner, stated that Indonesia already has two laws that limit cash transaction, both were enacted back in 1946 and 1948. These laws, he continued, remain in force as it never been repealed or replaced.
“Therefore, the House does not need to make a new law, they need only to change the nominal figure on cash transaction [in the Laws],” Chandra asserted, during a book launching titled “Limiting Cash Transaction; Chance and Challenge”, in Jakarta, Wednesday (29/5).
The first law, as Chandra explained, was Law No. 10 of 1946 on Money Transportation to Other Regions. The Law prohibits a person who lives in Java or Madura islands to carry cash more than IDR 1,000. Meanwhile, citizens outside Java and Madura may only carry IDR 5,000.
The other one is Law No. 32 of 1948 on Circulation of Money with Banks as Intermediary. This law stipulates that transactions being more than IDR 25.000 must be conducted through a bank.
Andri Gunawan, author of the book, explained that Bank Indonesia and the Minister of Finance have created academic paper in regards to draft bill on cash transaction limitation.
“Since the draft bill was handed to National Law Development Agency (BPHN), the discussion remains unheard,” Andri added.
In the same occasion, Bambang Widjojanto, Deputy Chairman of KPK, stated that now is the time for the House to draft a law on cash transaction limitation.
“Recent revealed graft cases should be a momentum for lawmaker to create stipulation on limiting cash transaction,” he concluded.
(hot/ds)
Leo Wisnu Susapto, Robert Sidauruk
In numerous graft cases handled by the Corruption Eradication Commission (KPK), the suspects are usually caught red-handed with huge amount of cash.
Due to this condition, the Indonesian Financial Transaction Reports and Analysis Center (PPATK), including anti-corruption activists, recommends that a regulatory framework to limit cash transaction be issued. Unfortunately, this recommendation was refused by the House of Representatives.
Chandra M Hamzah, former KPK commissioner, stated that Indonesia already has two laws that limit cash transaction, both were enacted back in 1946 and 1948. These laws, he continued, remain in force as it never been repealed or replaced.
“Therefore, the House does not need to make a new law, they need only to change the nominal figure on cash transaction [in the Laws],” Chandra asserted, during a book launching titled “Limiting Cash Transaction; Chance and Challenge”, in Jakarta, Wednesday (29/5).
The first law, as Chandra explained, was Law No. 10 of 1946 on Money Transportation to Other Regions. The Law prohibits a person who lives in Java or Madura islands to carry cash more than IDR 1,000. Meanwhile, citizens outside Java and Madura may only carry IDR 5,000.
The other one is Law No. 32 of 1948 on Circulation of Money with Banks as Intermediary. This law stipulates that transactions being more than IDR 25.000 must be conducted through a bank.
Andri Gunawan, author of the book, explained that Bank Indonesia and the Minister of Finance have created academic paper in regards to draft bill on cash transaction limitation.
“Since the draft bill was handed to National Law Development Agency (BPHN), the discussion remains unheard,” Andri added.
In the same occasion, Bambang Widjojanto, Deputy Chairman of KPK, stated that now is the time for the House to draft a law on cash transaction limitation.
“Recent revealed graft cases should be a momentum for lawmaker to create stipulation on limiting cash transaction,” he concluded.
(hot/ds)