PPATK Called Must Be The Last Fort For The Flow Of Illegal Money

The Center for reporting on financial transaction analysis (PPATK) was formed through Law Number 8 of 2010 concerning the prevention and eradication of money laundering.

PPATK has the main task of distributing the results of analysis to law enforcement officials and other authorities, receiving, storing, analyzing, and evaluating financial transaction reports and providing recommendations for money laundering prevention policies.

Indonesian Founder Secretary Audit Watch Iskandar Sitorus said, functionally, PPATK is a state 'financial intelligence'.

Although it does not have the authority to detain people or freeze accounts, the PPATK recommendation for blocking to banks, OJK, or other law enforcement officials, is very powerful.

According to the IAW study, PPATK is the last fort when bank performance is slow, the Financial Services Authority is reactive, and Bank Indonesia is not disciplined in closing payment system loopholes.

"Only PPATK has access to cross-bank data, suspicious transactions, cross-sectoral data and international networks such as the Egmont Group, FATF, cross-border financial intelligence cooperation," said Iskandar Wednesday, August 20.

IAW hopes that, with this capital, PPATK can jump far beyond, not just as a report center', but must be the controller of the mechanism of illicit money flow.

Iskandar emphasized that without PPATK, the gambling account mafia would always be faster because they could open new accounts within hours, while banks, OJK, and BI only reacted after funds changed hands.

Iskandar also supports the bold move for the PPATK quantum jump. Because with this step, the collector's account can be frozen in minutes, not weeks.

Through this step, the network of dealers can be mapped visually, because every bank or fintech that is negligent will be caught in the eyes of the public.

Iskandar emphasized that this is an output that has never been implemented by policy makers. If ever, IAW is sure, it is not lively at this time the circulation of illicit money from gambling.

"Quantum pumping, PPATK can map the network automatically in real time, automatically blocking via collective orders, name and sharing of corporations with periodic reports, it will be seen which banks have missed the most gambling accounts and big data integration with Dukcapil and Kominfo because PPATK can reject silo logic and firm law enforcement for money laundering perpetrators," said Iskandar.