Wednesday, May 29, 2024

Bank Indonesia and other government institutions joins global anti-money laundering tasks force (FATF) to enhance financial integrity

Reading Time: 2 minutes
Journalist IBP


Mahinda Arkyasa



Indonesia through Bank Indonesia (BI) in conjunction with other various ministries and institutions has officially become the 40th full-fledged member of the Financial Action Task Force (FATF), a global organization dedicated to combating money laundering, preventing terrorism financing, and countering the funding of mass destruction weapons. 

The decision was ratified during the FATF Plenary Session held in Paris, France from October 25 to 27, 2023, following a Mutual Evaluation process that began in 2022.

Bank Indonesia (BI) warmly welcomes Indonesia’s inclusion in FATF, recognizing it as a testament to the integrity of the country’s financial system, which is now acknowledged on the international stage. 

Erwin Haryono, Executive Director of the Communication Department, emphasized that Indonesia’s membership in FATF signifies international recognition of its vital role in the global fight against money laundering and the prevention of terrorism financing.

This significant commitment reflects the synergy within Indonesia’s National Coordination Committee for the Prevention and Eradication of Money Laundering Crimes (Komite TPPU). Bank Indonesia, in conjunction with various ministries and agencies, is an active participant in this national effort.

As a full member of FATF, Indonesia stands shoulder to shoulder with other G20 member states, affirming its financial system’s integrity and fostering a positive international perception of Indonesia’s financial ecosystem.

BI, as the authority responsible for payment systems within the regulatory scope, is fully engaged in executing various FATF assessment action plans aimed at achieving favorable assessment results. Additionally, BI supports the government’s strategies for addressing the FATF’s findings.

Furthermore, BI remains committed to the prevention of money laundering and the suppression of terrorist financing, aligning with the vision of Indonesia’s Payment System 2025, which emphasizes balancing payment system innovation with financial system integrity through the application of Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) principles.

This membership in FATF symbolizes Indonesia’s dedication to maintaining the highest standards of financial integrity and security, which will have a lasting positive impact on the country’s financial sector.

Journalist IBP


Mahinda Arkyasa




We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


Minister of State-Owned Enterprises (SOEs) Erick Thohir recently met with Mohamed Ali Rashed Alabbar, the founder of Emaar Properties, the developer behind the world’s tallest building, Burj Khalifa, discussing about the development of Indonesia’s Special Economic Zones (KEK) and tourism.
Indonesia encourages the establishment of a Global Water Fund or world water financing platform in an effort to improve adequate water and sanitation infrastructure worldwide.
Minister of Tourism and Creative Economy, Sandiaga Salahuddin Uno, invites Chinese health industry professionals, particularly those in traditional medicine, to consider investing in Indonesia.
Indonesia was honored as the World Water Capital by Loïc Fauchon, President of the World Water Council, during the 10th World Water Forum in Bali.
President Joko “Jokowi” Widodo and Prime Minister of Tajikistan Qohir Rasulzoda held a bilateral meeting on the sidelines of the 10th World Water Forum at the Bali International Convention Center (BICC), Monday, May 20, 2024, discussing efforts to strengthen cooperation in water resources management.
Coordinating Minister Luhut B. Pandjaitan and Sri Lankan President Ranil Wickremesinghe discussed on Sunday, May 19, 2024, the Global Blended Finance Alliance (GBFA), adopted by the G20 Bali Summit leaders to accelerate climate investment in developing countries, Least Developed Countries (LDCs), and island nations.