Menkumham Affirms The Importance Of Beneficiary Owner Data To Prevent Money Laundering Practices

Minister of Law and Human Rights (Menkumham) Yasonna Hamonangan Laoly (ANTARA)

JAKARTA - Minister of Law and Human Rights (Menkumham) Yasonna Hamonangan Laoly emphasized the importance of utilizing data on goods owners and recording beneficial owners (beneficial owners) in order to prevent money laundering practices. "This was conveyed by Yasonna in the signing of the commitment to the implementation of the corruption prevention action 2023-2024 at the Juang Building of the Corruption Eradication Commission (KPK). Yasonna said the policy was regulated in Presidential Regulation Number 13 of 2018 concerning the application of the principle of recognizing benefits owners of corporations, in the context of preventing and eradicating money laundering and criminal acts of terrorism financing. Basically, he continued, it aims to identify individuals who are the highest power holders, and have an influence in the process of identifying beneficiaries of corporations. benefits from corporations. The supervision and listing of beneficial owners has four main functions namely identification, transparency, protection, and leverage functions. "We are trying to ensure that Indonesia has a comprehensive, efficient, accurate, accountable, and accountable financial ownership system as well as meeting international standards," he said.

"This includes being effective as one of the elements of law enforcement so that it can provide protection to the community, business actors and investors," said Yasonna. Utilization of data on goods owners and recording of benefit owners is one of the actions in the National Strategy for Preventing Corruption (Stranas PK). All corporations are encouraged to take advantage of beneficial ownership data as an effort to prevent corruption, prevent money laundering and/or concealment of wealth.