July 2 2017
Indonesia may soon join an intergovernmental body called the Financial Action Task Force that seeks to combat money laundering, terrorist financing and other global threats involving the global financial system, a senior official at Indonesia’s Finance Ministry said in a statement on Sunday . Indonesia, along with neighbors Myanmar, Thailand and Sri Lanka, were blacklisted by the FATF in 2012, apparently for not showing enough commitment to execute the organization’s action plans. Back then, the FATF said Indonesia had not done enough to stop terrorism funding and money laundering in or through the country. Indonesia was removed from the blacklist three years later, with the FATF declaring it has made “significant progress.”