Prevent Money Laundering, As Many As 1,025 Cross-Border Moneyholders Managed To Be Arrested

Illustration (Photo: Doc. Ministry of Finance)

Minister of Finance (Menkeu) Sri Mulyani said the government continues to increase the effectiveness of monitoring the cash-carrying and other cross-border payment instruments.

According to the Minister of Finance, from 2016 to 2022, administrative sanctions were taken and 1,025 cases were imposed.

"The majority violate the carrying of cash originating from airplane passengers," he said through a virtual channel on Wednesday, November 23.

Sri Mulyani added that this firm action could prevent money laundering efforts and continue to be handled by the Directorate General of Customs and Excise, Ministry of Finance.

"Therefore, the government has also launched an electronic custom declaration (ECD) for the National. This is an internet-based application that helps the public to fill out various custom documents," he said.

The state treasurer also revealed that the latest scheme can further optimize the work of law enforcement officers and also intelligence in identifying and detecting financial traffic early.

"The data collected is a very valuable source of information to protect Indonesia from various criminal acts, such as money laundering and terrorism financing," he stressed.

The Minister of Finance also welcomed the initiative from the Financial Transaction Reports and Analysis Center (PPATK) for the implementation of Policy Dissemination, Cash Making Regulation and Other Cross-Border Payment Instruments held this week.

"This is a very important step because stakeholders from the implementation of the Law on the Prevention and Eradication of the Crime of Money Laundering (TPPU Law) and the Law on the Prevention and Eradication of Criminal Acts of Terrorism (TPPT Law) can be more optimal," he said.

"We continue to need close cooperation and common vision. This is important so that Indonesia's sovereignty can be maintained and protect the integrity of the national financial system," closed the Minister of Finance Sri Mulyani.