December 28 2015
The Financial Transaction Reports and Analysis Centre (PPATK) has said that the majority of suspicious transactions this year were not followed up by law enforcement institutions, as they claimed that they could not find sufficient evidence to support investigations.
PPATK head Muhammad Yusuf said on Monday that his institution had reported 289 transactions, which were possibly incidents of money laundering, to law enforcement institutions such as the Corruption Eradication Commission (KPK), the National Police, the Attorney General’s Office, the Directorate General of Tax, the National Narcotics Agency (BNN) and the Directorate General of Customs and Excise.
According to Muhammad, PPATK has produced 4,041 analyses since 2003, but only 845 of those were being kept in PPATK databases because not all of the analyses indicated money laundering practices.