Indonesia Becomes Full Member of FATF
The Financial Action Task Force (FATF) has accepted Indonesia as its 40th member, according to President Joko “Jokowi” Widodo.
“Today, I want to share good news. As a result of the FATF Plenary in Paris last October, alhamdulillah, Indonesia was granted, by acclamation, full membership as the 40th member of the Financial Action Task Force,” President Jokowi said at the Merdeka Palace, Jakarta, Monday (11/06).
The Head of State expected that the full membership status will raise positive perceptions of the financial system as well as confidence and trust in investment climate in the country.
In addition, President Jokowi expressed appreciation to the National Coordinating Committee for Countermeasure and Eradication of Money Laundering and other key stakeholders for their hard work and commitment so that the country can obtain its full FATF membership.
“I hope this will be the first step towards better governance of Indonesia’s anti-money laundering policy and countermeasure of terrorist financing,” he remarked.
For the record, the FATF is the global money laundering and terrorist financing watchdog. The Task Force also sets international standards that aim to prevent such illegal activities and the harm they cause to society. (FID/UN) (GWH/MMB)