Block FPI, PPATK Accounts: Don't Worry About Money Losing, Nobody Takes It

ILLUSTRATION / BETWEEN

JAKARTA - The Financial Transaction Reports and Analysis Center (PPATK) confirmed that the blocking of accounts, including those of FPI, aims to analyze transactions to ensure that they violate statutory provisions. During the block period, the money stored in the account is guaranteed safe.

"The government made a decision through the FPI SKB not to carry out activities. PPATK has an obligation to read to take steps according to its authority, if an institution is decided to be prohibited from operating, one of the important components of that organization is money. PPATK's task is whether any money is used for things that are not in accordance with statutory regulations. The name money is there, it doesn't disappear at all, don't worry about losing money, someone will take it, it's impossible. We work according to laws and regulations. We have no political interest. The law regulates our rights and obligations, ”said the Head of PPATK Dian Ediana Rae in a discussion broadcast on YouTube PPATK, Friday, January 8.

Dian emphasized that the checking of this account had been carried out on many parties, including organizations that were declared by the government to be prohibited from doing activities. Per day, on average, the PPATK receives 300 reports of suspicious financial transactions.

“We work professionally, we don't search, we check everything. Just make sure all kinds of transactions are in accordance with the laws and regulations, so this process is a normal process, "he continued.

In the initial stage, this account blocking called Dian is valid for 20 days. The results of this account analysis will later be submitted to law enforcement officials.

If a transaction is found that violates the provisions of the law, then the handling is under the authority of law enforcement officials such as the Police. From there, law enforcement officials took further steps.

“Don't worry, money is completely frozen everywhere, it can't be withdrawn. This is a normal procedure, "he continued.

PPATK authority

In carrying out its analysis and inspection functions, the PPATK as a financial intelligence institution (Financial Intelligent Unit) has several main powers, one of which is the authority to request financial service providers (PJK) to temporarily suspend all or part of transactions known or suspected to be the result of criminal acts as regulated in Article 44 paragraph (1) letter i of the TPPU Law.

The actions taken by the PPATK referred to are actions provided by law to prevent any attempts to transfer or use funds from an account which is known or suspected to be the result of a criminal act.

Currently, in accordance with the duties, functions and authorities given by the law, PPATK is conducting tracing of financial accounts and transactions.

For the effectiveness of the analysis and examination process, PPATK has also temporarily suspended all financial transaction activities from FPI, including the temporary suspension of all individual transaction activities affiliated with FPI.

Efforts to temporarily suspend financial transactions made by PPATK will be followed up by submitting the results of analysis or examination to investigators to be followed up with a law enforcement process by the competent authorities.