Overview

Recently, the Appellate Court of Ambon sentenced the Deputy Head of Ambon Branch Office of a state-owned bank with twenty years of imprisonment for conducting various acts of fraud,[1] which were therefore charged under Law No. 10 of 1998 on Banking (“Banking Law”) and Law No. 8 of 2010 on the Prevention and Eradication of the Crime of Money Laundering (“Money Laundering Law”).[2] Shortly before this, a customer of Maybank reported a loss in their savings balance amounting to a total of IDR 22 billion. The resulting criminal investigation ultimately named the Head of Maybank’s Cipulir branch as a suspect in the alleged theft of the IDR 22 billion savings balance. Said suspect was also charged under the Banking Law and the Money Laundering Law.[3]