September 13 2017
Indonesia has issued new regulations aimed at curbing money laundering and terror-related financing across a broader range of financial service providers, including money changers, credit card issuers and electronic money providers.
The move is part of efforts by Indonesia to bring rules up to international standards and join the Financial Action Task Force (FATF), an inter-governmental body fighting money laundering.
Indonesia was taken off an FATF blacklist two years ago.
The new regulations, issued by Bank Indonesia (BI), cover transactions handled by non-bank financial institutions and were made public on its website on Wednesday.