The Indonesian Government Is Committed To Eradicating Cross-State Financial Crimes

Minister of Finance (Menkeu) Sri Mulyani. (ANTARA)

JAKARTA - Indonesian Minister of Finance (Menkeu) Sri Mulyani assessed that Indonesia played a role in eradicating cross-border crime in the financial sector.

The importance of Indonesia's role is because transnational crimes in the financial sector cannot be handled in the jurisdiction of one country alone, it is not even enough to rely solely on one institution.

"Indonesia has clearly proven its participation in efforts to eradicate money laundering and financing terrorism in the global arena," Sri Mulyani was quoted as saying by ANTARA, Wednesday, July 19.

In Indonesia, he mentioned that the Directorate General of Taxes at the Ministry of Finance (DJP Kemenkeu) and other law enforcement officers (APH) always work together and work hand in hand in dealing with crimes in the financial sector.

Since 2009, Indonesia has even actively played an important role in international tax transparency through membership at the Global Forum on Transparency and Exchange of Information for Tax Purposes.

In addition, Indonesia is also one step away from becoming a member of the Financial Action Task Force on Money Laundering and Terrorism Financing (FATF).

The implementation of the Tax Administration Core System (Core Tax) which will be carried out in Indonesia, said Sri Mulyani, will also contribute to ensuring comprehensive and integrated taxation data.

"Let us support the government's efforts to eradicate cross-border crimes in the financial sector," he said.

The G20 High Level Tax Symposium on Combating Tax Evasion, Corruption, and Money Laundering activity was held in Gandhinagar, India, Sunday (16/7), as a series of meetings at the level of the Minister of Finance and the Governor of the 3rd G20 Central Bank (3rd G20 FMCBG).