Sri Mulyani Invites PPATK To Squeeze Terrorism Financing And Money Laundering

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani together with the Center for Financial Transaction Reports and Analysis (PPATK) agreed to sign a cooperation eradication of money laundering and terrorism financing.

In his statement, the Minister of Finance said that this step was one of the government's efforts to achieve the target of becoming a member of the Financial Action Task Forces (FATF).

"This is a real synergy to prevent money laundering and also financing for terrorism," he said during a virtual press conference, Friday, October 22.

According to the Minister of Finance, the collaboration that was built with PPATK includes several aspects, such as cooperation related to the exchange of information and data, the formation of a task force.

Then, auditing the formulation of legal products and research or research at the same time includes socialization activities for employee assignments as well as human resource development and information technology system development.

The Minister of Finance emphasized that the agreement that was built with PPATK also includes various activities, mechanisms, rights and obligations in the financial sector.

Meanwhile, related to the target of becoming a member of the FATF, the state treasurer said that Indonesia had the advantage of being able to apply the rules for eradicating the crime of money laundering and terrorism financing globally.

“Indonesia's economy is one of the largest in the world. It is time for us to participate in the formulation of global strategic policies and determine the international financial system," closed the Minister of Finance Sri Mulyani.