APSN Banner

PPATK receives 247 million reports of suspicious transactions

Tempo - April 18, 2022

Fajar Pebrianto, Jakarta – The Financial Transaction Reports and Analysis Center (PPATK) informed President Joko "Jokowi" Widodo about its efforts to prevent money laundering and terrorism financing that have been carried out over the past 20 years.

PPATK, it added, had launched a mobile application called GoAML (Go Anti-Money Laundering) in which people can report suspicious transactions or alleged money laundering cases.

"To date, PPATK has received as many as 247 million reports," said PPATK Head Ivan Yustiavandana at the Merdeka Palace, Jakarta, Monday, April 18.

The reports included suspicious financial transactions, cash finance, cash-carrying transactions, transactions for goods and services providers, transactions from and to foreign countries, to transaction delays.

At present, Ivan added, his side received 45,000 reports on average per hour. In addition, PPATK had also conducted 1,466 audits on compliance oversight.

The reports were submitted by PPATK to the President at the event commemorating the 20th anniversary of the anti-money laundering and prevention of terrorism financing movement, which was marked by the issuance of Law No. 15 of 2002 concerning Money Laundering which is now Law No. 8 of 2010.

Apart from reporting suspicious financial transactions in the GoAML application, PPATK also told Jokowi that they have now focused on green financial crimes "in order to respond to the President's order regarding the green economy," said Ivan.

Source: https://en.tempo.co/read/1583358/ppatk-receives-247-million-reports-of-suspicious-transaction