PPATK: Asset Confiscation Bill Improves The Eradication Of Economic Crime

PPATK Chairman Dian Ediana/Antara

JAKARTA - The Financial Transaction Reports and Analysis Center (PPATK) said that the Asset Confiscation Bill (RUU) increases the effectiveness of the eradication of economic crimes. So that this design needs to be quickly discussed and passed.

"We consider this very urgent for us, for Indonesia as a whole in our context to push even faster and more effectively (eradicate, red) economic crime," said PPATK Chairman Dian Ediana in a virtual discussion broadcast on YouTube, Wednesday, April 7th.

Apart from being effective, this draft law is also considered to have a deterrent effect on perpetrators of economic crimes. Moreover, this criminal act seriously disrupts economic growth and social welfare.

"According to various analyzes from various international institutions for countries like us, the potential for state losses incurred is around 20-40% of GDP," he said.

Thus, the law for confiscation of assets needs to be passed immediately because in the last 17 years or so, the prosecution of the crime of money laundering has been minimal. Dian even gave an example, out of 100 cases of economic crime, only 10 were charged with money laundering.

"Therefore, the results obtained are also very marginal. The recovery of assets, which was one of the targets of our TPPU, also does not show significant results due to various problems," he said.

Furthermore, he said, PPATK had held meetings with other law enforcement officials such as the National Police Chief, Jakasa Agung, and the KPK.

"It can be said (we, red) are asking for their support and commitment so that every economic crime must be accompanied by money laundering. This is to help asset recovery properly," said Dian.

"So, I think this is also a problem that ultimately encourages our determination so that the bill on confiscation of assets can be carried out," he concluded.