PPATK Supports Jokowi In Handling Green Financial Crime

Head of PPATK Ivan Yustiavandana (ANTARA)

JAKARTA - The Center for Financial Transaction Reports and Analysis (PPATK) supports President Joko Widodo's efforts in handling green financial crimes or environmentally related crimes. "We have made an amendment to Presidential Decree No. 117 of 2016 concerning Amendments to Presidential Decree No. 6 of 2012 concerning the National Coordination Committee for the Prevention of Money Laundering (TPPU)," said PPATK Head Ivan Yustiavandana as quoted by ANTARA, Tuesday, February 14. He explained the revision of the Presidential Decree to the Ministry of Environment and Forestry (KLHK) as well as the Ministry of Maritime Affairs and Fisheries included as members of the TPPU Prevention Committee. "Previously, these two ministries did not include the TPPU Prevention Committee," he said. He said the investigation of the TPPU sector had also been made a circular regarding the identification of suspicious financial transactions that could be used as a reference for the reporting parties. "In order to support a more quality analysis process against suspicious financial transaction reports, PPATK has issued circulars," he said. Ivan explained that the circular letter is thematic nature, for example, for identification of transaction reports that are indicative of tax crime and the environment. No exception to the bureau or agent of Umrah worship, narcotics crimes to taxation. "In the future, PPATK will also issue circulars related to green financial crimes or environmental crimes and trade money launching that have started to be pioneered through coordination and FGD, "he explained.