Information about the organisation, transformation and history of Bank Indonesia as the central bank of the Republic of Indonesia.
Information about the main functions and responsibilities of Bank Indonesia to achieve and maintain rupiah stability.
Information about the rupiah as the currency of the Republic of Indonesia managed by Bank Indonesia pursuant to prevailing laws and regulations.
Bank Indonesia’s publications include regulations, reports and papers, as well as the calendar of activities
Statistics include historical indicators for all sectors under the jurisdiction of Bank Indonesia.
Bank Indonesia offers various services, including requests for information, complaints, licensing and so on.
Bank Indonesia maintains public information in accordance with the Public Information Disclosure Act of 2008.
Financial institutions are very vulnerable to the possibility of being used as a media for money laundering (ML) and terrorism financing (TF), due to many transaction options for perpetrators of crime to commit an offence. Through various transaction options, such as transfer transactions, financial institutions become the entrance of assets that are the proceeds of crime or terrorism financing activities into the financial system which can be utilized for the benefit of perpetrators of crime. For instance, ML perpetrators can withdraw proceed of crime that appear legitimate and conceal the origins of illegally obtained. Whereas, TF perpetrators use proceed of crime to finance terrorist activities.
As the development of products, business model, technology and information become increasingly complex, all Financial Service Providers under the supervision of Bank Indonesia are required to implement the AML and CFT programs optimally and effectively. The AML and CFT program is not only important for eradicating ML and preventing TF, yet also to support the prudential principles which can protect the Service Providers and users from various risks that may arise.
AML CFT to Achieve SPI Vision 2025
The Indonesian Payment System (SPI) 2025 guarantees a balance between innovation and the integrity of the payment system, through the application of Anti-Money Laundering, Counter Financing of Terrorism, and Prevention of Proliferation of Weapon of Mass Destruction Financing as Vision 4 of the SPI 2025 Blueprint "SPI 2025 guarantees a balance between innovation and consumers protection, integrity and stability as well as fair business competition through the application of KYC & AML CFT, the obligation to disclose data/information /public business, and the application of regtech and suptech as obligations in reporting, regulatory and supervisory".
The SPI 2025 Blueprint publication can be downloaded here.
continues to expand the AML CFT cooperation with relevant authorities, both
national and international in order to strengthen the implementation of AML CFT.
Asia / Pacific Group on Money
Laundering is a regional organization (Asia Pacific) to prevent and eradicate
money laundering, terrorist financing, and proliferation funding activities.
Indonesia has been a member of APG since 2001.
Every country that is a member
of APG is committed to implementing Mutual Evaluation (ME) to assess the level
of compliance with FATF Recommendations as an international standard of
Anti-Money Laundering and Counter Financing of Terrorism (AML CFT).
The 21st Asia / Pacific Group (APG) on Money Laundering session held on July 21-27 2018 in Kathmandu, Nepal, has ratified the Indonesian Mutual Evaluation Report (MER). The MER is the result of a review of Indonesia's compliance and effectiveness of anti-money laundering and terrorism financing regimes that are based on 40 Financial Action Task Force (FATF) recommendations.
Assessment of compliance with efforts to prevent and eradicate criminal acts of money laundering and financing of terrorism is carried out in a professional and objective manner. The MER Indonesia assessor team has representatives from the United States, Canada, Macao-China, China-Taipei, Pakistan and Bangladesh and the APG Secretariat.
The APG Annual Session in Kathmandu, Nepal has determined that compliance and effectiveness of Indonesia's implementation of international standards in the field of prevention and eradication of criminal acts of money laundering and financing of terrorism, is considered to be very adequate. Of the 40 FATF recommendations related to legal framework compliance, Indonesia received a 'C' (compliant) rating or the highest score for 6 recommendations. Then got an 'LC' (Largely Compliant) rating for 29 recommendations, and got a 'PC' (Partially Compliant) rating for 4 recommendations. Of the overall recommendations there is only one recommendation in which Indonesia received a 'NC' (Non-Compliant) rating, namely on recommendations related to funding for the proliferation of weapons of mass destruction.
Regarding the effectiveness of implementation, Indonesia received a Substantial rating for 5 Immediate Outcomes (IO), then a Moderate rating for 5 IO, as well as a Low rating for 1 IO related to funding for the proliferation of weapons of mass destruction. The results of the assessment indicate that the effectiveness of the implementation of APU / PPT in Indonesia is better when compared to APG countries such as Australia, Malaysia and Singapore.
The complete report of Indonesia's APG Mutual Evaluation Report (MER) can be downloaded here
b. Preparation towards FATF Full Membership
The Financial Action Task Force on Money Laundering
(FATF) is an inter-governmental organization formed in 1989 by the G-7 with the
aim of developing systems and infrastructure to prevent and combat money
laundering, terrorism financing, and funding for the proliferation of weapons
of mass destruction.
FATF sets standards, namely FATF 40 Recommendations
and procedures (policy making) and encourages the effectiveness of its
implementation through legal instruments, regulations and other media
(recommendations) to combat money laundering, terrorist financing and weapons
of mass destruction that will threaten the integrity of the financial system.
In its operations, FATF monitors the implementation of recommendations issued
to its members, reviews technical and eradication media and encourages the
implementation of its recommendations globally
supporting the Government's efforts to become a Full Member of FATF, Bank
Indonesia has prepared 3 strategies, namely
In May 2020, FATF had published the suggestion related to challenges, good practices and policies in responding of Money Laundering and Terrorist Financing threats and vulnerabilities namely COVID-19 related Money Laundering and Terrorist Financing - Risk and Policy Responses.
The suggestion including:
Bank Indonesia also suggests its Providers (Non-Bank Payment System Service Providers and Money Changers) to stay vigilant during Covid-19 pandemic.
Bank Indonesia suggestion including:
Suggestion from FATF which is COVID-19 related Money Laundering and
Terrorist Financing - Risk and Policy Responses can be downloaded here
INTRAC and Bank Indonesia Synergy to Prevent and Eradicate Money Laundering and Terrorism Financing