Additional Mandates for Physical Traders of Crypto-Assets Introduced in Line with the Prevention of PPSPM: Provision of Funds to DPPSPM-Listed Parties Now Prohibited

Following discussions that between Indonesian delegations and the Contact Group Mutual Evaluation Review (MER) of the Financial Action Task Force (FATF), the Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – “Bappebti”) has decided to introduce additional mandates that apply to futures brokers (“Brokers”), as well as candidate and existing physical traders of crypto-assets (“Physical Traders”), that address the prevention of the funding of the proliferation of weapons of mass destruction (Pendanaan Proliferasi Senjata Pemusnah Massal – “PPSPM”), as originally featured under Regulation No. 5 of 2023 on Guidelines for the Prevention of the Funding of the Proliferation of Weapons of Mass Destruction by Futures Brokers, Candidate Physical Traders of Crypto-Assets and Physical Traders of Crypto-Assets (“Regulation 5/2023”), through the issuance of Regulation No. 8 of 2023 as the Amendment to Regulation 5/2023 (“Amendment”), which has been in force since 26 September 2023.[1]

......