Bank Indonesia and the Financial Transaction Analysis and Reporting Center (PPATK) in collaboration with USAID Millennium Challenge Cooperation – Indonesia Control of Corruption Project (MCC ICCP) launch a national campaign on the introduction of Authorized Money Changer’s new identity. The objective of the event that was marked by the launching of Authorized Money Changer logo on December 6, 2007 in Denpasar is to improve people’s awareness on the implementation of Money Laundering Criminal Act, especially in relation with “Know Your Customer Principle” for Authorized Money Changer.
As seen in this picture the newly introduced identity is the logo of Authorized Money Changer, which is coated by the hologram of Bank Indonesia’s logo. This logo is a complementary identity of the existing Authorized Money Changer. So far, Authorized Money Changers have only used the description of “MONEY CHANGER” and the license number of Bank Indonesia, with an additional writing of “AUTHORIZED MONEY CHANGER” after the names of their companies. However, with following the launching of this logo, all Authorized Money Changers are obliged to use the logo as well as the number of business licensed provided by Bank Indonesia on the signboards of the companies. Besides, all Authorized Money Changers will obtain a Certificate of Business License from Bank Indonesia that will be introduced in the beginning of 2008.
The campaign is expected to give benefit to Authorized Money Changers, because in this campaign the people and international tourists will be invited to always change their money or travelers’ checks to Authorized Money Changers. In supporting this campaign, publications on Authorized Money Changers will be intensified both through domestic or foreign media. Currently, the circulation of posters, leaflets and flyers about the invitation to use Authorized Money Changer are placed in various airports, ports, hotels and other strategic locations.
In this campaign, Bank Indonesia and PPATK will conduct trainings on Know Your Customer Principle dedicated for officers/employees of Authorized Money Changer. Through this training it is expected that Authorized Money Changer will have a better understanding about the implementation of Know Your Customer Principle that will also improve the quality of transaction reporting, including the suspicious cash and financial transactions reported to PPATK.