ASIATODAY.ID, JAKARTA – Indonesia has officially become the 40th member of the Financial Action Task Force (FATF) at the FATF plenary session on October 25 2023 in Paris.
Indonesia has been accepted by acclamation by 38 FATF members and completes the G20 member countries which have all become full members of the FATF.
The President of the Republic of Indonesia, Joko Widodo, appreciated the Financial Transaction Reports and Analysis Center (PPATK), the National Committee for the Prevention and Eradication of Money Laundering (TPPU Committee) and other related institutions and agencies for this achievement.
Previously, Jokowi admitted that he was embarrassed because among other G20 member countries, only Indonesia had not entered the FATF.
“Sometimes I also see that it is embarrassing because of the G20 membership that has not yet entered, we are the only ones, the others have been accepted as full members of the FATF,” said Jokowi when delivering a speech in the PPATK Presidential Lecture at the State Palace, Wednesday, April 17 2024.
Jokowi hopes that Indonesia’s membership in the FATF can be a momentum to strengthen the commitment to prevent and eradicate the crime of money laundering.
“I hope that this full membership will be a good momentum to continue to strengthen our commitment to preventing and eradicating the crime of money laundering so that our economic credibility will increase, and then the perception of our financial system will also become better, more positive,” he explained.
Jokowi explained that Indonesia’s membership in the FATF increases Indonesia’s reputation internationally, especially in eradicating the crime of money laundering.
Jokowi hopes that Indonesia’s membership in the FATF can increase international interest in investing in Indonesia.
“This is very important, and ultimately this will encourage investment to enter Indonesia. Reputation is important and international assessment is important,” he concluded. (ATN)
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