In terms of the implementation of APU-PPT programs, futures brokers are required to identify, assess and understand the relevant risks regarding money-laundering and/or terrorism-financing as they apply to customers, countries or geographical areas, products, services, transactions or delivery channels

As one of the measures which is aimed at the effective utilization of the Special Allocation Fund for the development of trade facilities in form of rural markets, the Ministry of Trade has issued Regulation No. 77 of 2017 on the Amendment to Ministry Regulation No. 37/M-DAG/PER/5/2017 on Guidelines for the Development and Management of Trade Facilities.

In a bid to comply with the recommendations made by the Asia-Pacific Group Financial Action Task Force, the Ministry of Finance has issued Regulation No. 155/PMK.01/2017, which amends Ministry Regulation No. 55/PMK.01/2017 on the Know-Your-Customer Principle for Accountants and Public Accountants.

In order to accelerate the accessibility of housing facilities for low-income citizens, the Ministry of Public Works and Public Housing has issued Regulation No. 18/PRT/M/2017 on Savings-Based Housing Financing Facilities.

SDCs are savings in the form of deposits which are issued based on sharia principles through the implementation of mudharabah mutlaqah or mudharabah muqayyadah agreements. SDCs can be transferred prior to their maturity date through the use of sales-purchase agreements (ba?i), inheritance or grants. In addition, SDCs may also be traded through the secondary market through the use of repurchase agreements (repo) which are based on sharia principles.

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 Regulation No. 12/POJK.01/2017 on the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs Within the Financial Sector, 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.

Following the issuance of Financial Service Authority (?OJK?) Regulation No. 13/POJK.03/2017 on the Utilization of Services Offered by Public Accountants and Public Accountants? Offices During Financial Service Activities, the OJK has now finally issued Financial Services Authority Circular Letter No. 36/SEOJK.03/2017 on Procedures for the Utilization of Services Offered by Public Accountants and Public Accountants? Offices During Financial-Service Activities. In essence, this circular sets out a number of technical guidelines to be observed by financial institutions during the utilization of annual-financial-auditing services offered by accountants and/or public accounting firms.

In a bid to combat money-laundering and terrorism-financing activities, the Financial Services Authority (OJK) has issued Regulation No. 12/POJK.01/2017 on the Implementation of Anti-Money-Laundering and Prevention-of-Terrorism-Financing Programs Within the Financial Sector. This new regulation codifies and strengthens provisions relating to this matter and applies to all financial services providers. Previously, these matters were regulated through four different regulations, specifically: (1) Bank Indonesia (BI) Regulation No. 12/20/PBI/2010; (2) BI Regulation No. 14/27/PBI/2012; (3) OJK Regulation No. 22/POJK.04/2014; and (4) OJK Regulation No. 39/POJK.05/2015.

Recognizing the importance of enhancing the financial-soundness of conventional insurance and reinsurance companies in order that they be able to provide adequate protection to their customers, the Financial Services Authority has issued Regulation No. 71/POJK.05/2016 on Financial Soundness for Insurance and Reinsurance Companies. In an attempt to realize this objective, the new regulation outlines a number of financial soundness parameters which should be satisfied by both insurance and reinsurance companies, along with provisions relating to the allocation of guarantee funds, the separation of assets and liabilities of said companies, and the obligation to submit various financial statements to the OJK for compliance-monitoring purposes.

Following the revocation of JP Morgan Chase?s status as a primary dealer of Indonesian government bonds, the Ministry of Finance has issued Regulation No. 234/PMK.08/2016 as a second amendment to Ministerial Regulation No. 134/PMK.08/2013 on Primary Dealers. This second amendment mainly aims to tighten up the provisions which relate to the organization of primary dealers. This has been achieved by adding a number of new factors to be taken into account during the appointment of any dealers, as well as a new obligation to notify the government as regards any restructuring activities and also the obligation to maintain a good relationship with the Indonesian government. Furthermore, this second amendment also adds more grounds for the revocation of any primary-dealer appointments