Christina Desy
In less than two months, the ASEAN Economic Community (AEC) will finally be a reality. This event has been long-awaited by many circles, especially entrepreneurs looking to expand and improve their businesses under the planned market liberalization.
From the big picture perspective, the AEC is expected to realize stable economic conditions for ASEAN countries by establishing a strong market to gain competitiveness at both regional and global levels. The borderless market offered by AEC while indeed tantalizing, at the same time represents challenges for each member country, including Indonesia.
The challenges within the AEC framework are not merely business and commercial issues, there are also concerns that the framework could be misused and raises the possibility of a country becoming a location where illegal assets are stored, in other words a safe haven place for undesirable practises.
To prevent this from happening, the Asset Recovery Office (
Pusat Pemulihan Aset – PPA) at the Attorney General’s Office, is encouraging more cooperation with international institutions within ASEAN. For this purpose, Chuck Suryosumpeno, Head of the PPA held a meeting with the Deputy Director of the Malaysian Investment Development Authority (MIDA), Taufik Anwar Ibrahim.
The agenda was to discuss anticipated measures to deal with the potential negative impacts of AEC. Should the cooperation materialize, Mr. Suryosumpeno hopes that MIDA can assist with monitoring of investments entering ASEAN countries via Malaysia.
Mr. Suryosumpeno believes that international cooperation is an effective way to enhance working networks under which information can be easily exchanged. By doing so, the parties involved cooperation arrangements can formulate optimum strategies to track illegal assets around the world.
As part of these efforts, the Asset Recovery Office is participating in a number of international networks dealing with how to best handle ‘safe haven locations’ issues. Amongst others, these include Camden Asset Recovery Inter-Agency Network (CARIN), Asset Recovery Interagency Network for Asia and the Pacific (ARIN-AP), Red de Racuperacion de Activos del GAFISUD (RRAG), Asset Recovery Interagency Network for South Africa (ARINSA), Organisation for Economic Co-operation and Development (OECD), the Asia and Pacific Group on Money Laundering (APG), as well as the StAR Initiative and Interpol Focal Point on Asset Recovery.
(hot/kc)