ASIATODAY.ID, JAKARTA – Indonesia has officially become a full member of the 40th Financial Action Task Force (FATF). This was conveyed by President Joko Widodo (Jokowi) in his press statement, at the Merdeka Palace, Jakarta, Monday (6/11/2023).
“Today I want to convey good news that as a result of the negotiations in Paris at the end of October, thank God, Indonesia was accepted by acclamation as a permanent member of the 40th Financial Action Task Force (FATF),” said President Jokowi, quoted from the Cabinet Secretariat broadcast.
FATF is an international organization that focuses on global efforts to eradicate money laundering, terrorism financing, and funding the proliferation of weapons of mass destruction.
President Jokowi emphasized that FATF membership is important to increase positive perceptions of the financial system as well as confidence and trust in the investment climate in the country.
“This membership is important to increase positive perceptions of the Indonesian financial system which will ultimately have an impact on increasing trust, increasing Indonesia’s confidence in the business side and investment climate,” he said.
President Jokowi also expressed his appreciation to the National Coordinating Committee for the Prevention and Eradication of Money Laundering and other key stakeholders for their hard work and commitment so that this could be realized.
“We hope that this will be the first step in better governance of Indonesia’s anti-money laundering regime and prevention of terrorist financing,” he said. (AT Network)
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