Government Extends Informants of Money Laundering Crime

Government Regulation No. 43 of 2015 on Informant in the Prevention and Eradication of Money Laundering Crime (“Regulation”) was recently issued to implement Article 17 (2) of Law No. 8 of 2010 on Prevention and Eradication of Money Laundering Crime (“Anti-Money Laundering Law”).[1]

The Regulation specifies those who are obligated (informants) to report any suspicious financial transactions to the Indonesian Financial Transaction Reports and Analysis Center (Pusat Pelaporan dan Analisis Transaksi Keuangan – PPATK).[2] Suspicious financial transactions refer to:[3]