March 16 2016
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has reaffirmed its support for a new Indonesian regulation on submission of data and information to combat money laundering, adding that the measure will also aid in efforts to eradicate terrorism.
AUSTRAC is cooperating with Indonesia’s Financial Transaction Reports and Analysis Centre (PPATK) to track financial transactions suspected of relating to international terrorist networks.
Over the past years, the PPATK has detected overseas fund transfers to Indonesia amounting to over Rp 10 billion ($1 million), including Rp 6 billion from Australia, PPATK deputy head Agus Santoso said in December.
The money, he said, was used to help finance the living costs of widows and families of slain terrorists, buy weapons from the southern Philippines, fund paramilitary training and promote violent ideology through gatherings and discussions.