PPATK Blocks 345 Accounts Related To Illegal Investments, The Value Is Over Half A Trillion

Head of the Center for Financial Transaction Reports and Analysis (PPATK) Ivan Yustivandana

JAKARTA - Head of the Financial Transaction Reports and Analysis Center (PPATK) Ivan Yustivandana, revealed that he had blocked 345 accounts related to the flow of illegal investment funds with a value of Rp 588 billion. A total of 345 accounts are owned by only 78 people.

"As of today, PPATK has blocked IDR 588 billion. That's what PPATK has frozen, consisting of 345 accounts," said Ivan at the Parliament Complex, Senayan, Jakarta, Tuesday, April 5. Ivan explained that PPATK monitors the flow of funds from investors to various parties related to illegal investment products. From this monitoring, his party found various flows of funds, one of which was through crypto assets.

"Based on the flow of money, it is quite diverse, namely being stored in the form of crypto assets, using other people's accounts and then being transferred to various accounts at several banks to make it difficult to trace transactions," explained Ivan. As a central institution or vocal point in preventing and eradicating illegal financial transactions In Indonesia, said Ivan, PPATK continues to coordinate with the Financial Intelligence Units (FIUs) of other countries. The PPATK has the authority to temporarily suspend transactions for 20 working days. Continued to coordinate and report to law enforcement on suspicious transactions in large amounts related to investments that are suspected to be illegal.

So far, said Ivan, PPATK has stopped 275 transactions suspected of illegal investments worth IDR 502 billion.

"As of March 24, 2022, PPATK has temporarily suspended transactions suspected of originating from criminal acts in the form of illegal investments amounting to Rp502 billion with a total of 275 transactions," he explained.

Ivan said that the total number of reports that have been reported to PPATK related to illegal investments that have been on the rise in recent times is 560 reports with a value of more than IDR 35 trillion.

"The total number of transactions that have been reported to PPATK amounted to more than Rp. 35 trillion related to illegal cases that have been rampant recently," added Ivan.