Remarks of President of the Republic of Indonesia at the Commemoration of the 20th Anniversary of the Movement on Anti Money Laundering and Counter Terrorism Financing (APUPPT), at the State Palace, Jakarta, April 18, 2022

Bismillahirrahmanirrahim,

Assalamu’alaikum warahmatullahi wabarakatuh,
Good morning,
May peace be upon us all,

Om swastiastu,
Namo buddhaya,
Greetings of Virtue.

Distinguished Coordinating Minister for Political, Legal, and Security Affairs and Ministers of the Indonesia Onward Cabinet,

Distinguished Leaders of the Government’s Bodies,

Distinguished Head of the Financial Transaction Reports and Analysis Centre (PPATK) and all ranks,

Distinguished Chairperson of the Financial Services Authority (OJK), Head of the National Counter Terrorism Agency (BNPT), Chairperson of the Corruption Eradication Commission, and all ranks,

Distinguished Board Members of the Movement on Anti Money Laundering and Counter Terrorism Financing,

Ladies and Gentlemen,

First and foremost, I would like to express my gratitude and appreciation to the Financial Transaction Reports and Analysis Centre (PPATK) and other stakeholders for two decades of efforts and measures to effectively carry out prevention and eradication of money laundering and terrorism financing crimes.

What all of us have achieved in these two decades should not make us complacent. The challenges in the future will be more severe and the potentials for cybercrime will increase accordingly. There will be new modes and forms of crimes on money laundering and terrorism financing.

I am aware that the prevention and eradication of money laundering and terrorism financing crimes cannot be done by the PPATK itself. We have to work hard together to maintain the integrity and stability of our economic, financial system. The support from all components of the country, Government’s bodies, financial industry, and the entire community is needed. We have to build synergy to ensure fairness in law enforcement, to boost efforts on the rescue, return, and recovery of the state finance, to provide legal certainty for both local and foreign investors, and to build Indonesia’s stronger, integrated, and sustainable financial system.

Ladies and Gentlemen,

In a bid to fight against economic crimes that are increasingly massive, complicated, and complex, I urge all of you to pay more attention on these things.

First, we have to continue to make breakthrough. We have to immediately carry out digital transformation, adopting regulatory technology and making breakthrough in the law sector for various fundamental problems.

Second, the PPATK is required to improve its digital services. The PPATK must develop new service platforms and improve its running digital services. The PPATK must develop completed, integrated, real-time digital services center that is able to serve all stakeholders rapidly, easily, precisely, and accurately.

Third, all ministries and agencies, including the PPATK who serves as a focal point and a financial intelligence unit, must be observant, be able to move quickly, be ready, and have technology to handle new modes of money laundering and terrorism financing outside the national borders and have become international crimes.

Do carry out anticipation at every level as early as possible to prevent efforts that can intervene integrity and stability of our economic, financial system. And carry out anticipation on the rise in economic crimes, including cybercrime and other crimes that take advantage of technological sophistication.

That concludes my speech on this auspicious occasion.

I thank you.

Wassalamu’alaikum warahmatullahi wabarakatuh.

(AP/EP)