OJK Addresses Technical Provisions for the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs Within the Capital-Market Sector

As a follow-up to the mandatory implementation of anti-money-laundering and prevention-of-terrorism-financing measures within the financial sector, as regulated under Article 68 of Financial Services Authority (Otoritas Jasa Keuangan – “OJK”) Regulation No. 12/POJK.01/2017 on the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs Within the Financial Sector,[1] the OJK has issued Circular No. 47/SEOJK.04/2017 on the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs Within the Capital-Market Sector (“Circular 47/2017”).
 
As a technical regulation, Circular 47/2017 mandates that capital-market players (“Players”) should implement anti-money-laundering and prevention-of-terrorism-financing (anti pencucian uang dan pencegahan pendanaan terorisme – “APU-PPT”) programs, as described in the following provisions:[2]