Indonesia

AML / KYC

Indonesian President Signs Decree on FATF Membership

By Editors | 09/04/2024

The decree signing strengthens Indonesia’s commitment to participate in combating financial crime globally, said the head of the country’s FIU.

Crypto / Digital Assets

Indonesia’s Crypto Approval Process Will Require Sandbox Testing

By Editors | 04/04/2024

The requirement for crypto firms to be evaluated in a regulatory sandbox prior to authorisation is intended to ensure consumers are protected.

Capital / Liquidity

Indonesia Formally Ends Pandemic Support Measures

By Sanday Chongo Kabange | 03/04/2024

The OJK said Indonesia’s economy has recovered from the pandemic and banks have strong capital, sufficient liquidity and good risk management.

Market Infrastructure

Japan, ASEAN Plan Joint QR Code Payment Services

By Nithya Subramanian | 15/03/2024

A standardised QR code payment system will be developed to connect service providers in different countries, facilitating cashless payments across borders.

Crypto / Digital Assets

Indonesia OJK to Provide Boost to Financial Sector Innovation

By Editors | 11/03/2024

The new regulation refines the regulatory sandbox mechanism to add eligibility criteria and to allow testing in crypto asset products.

ESG / Sustainability

OJK Indonesia Launches Climate Risk Guidance for Banks

By Editors | 10/03/2024

The guidance comprises six books that aim to standardise climate risk management frameworks at banks and establish uniform scenarios and methodologies.

India, Indonesia Agree to Use Local Currencies in Cross-border Transactions

By Ajoy K Das | 08/03/2024

The agreement will promote the use of INR and IDR in all current account and permissible capital account transactions.

Crypto / Digital Assets

Indonesia Government Urged to Review Crypto Tax Policy

By Sanday Chongo Kabange | 29/02/2024

Bappebti is calling on the Ministry of Finance to review Indonesia’s crypto tax regime ahead of the transfer of crypto oversight to the OJK.

ESG / Sustainability

Indonesia Publishes Revised Sustainable Finance Taxonomy

By Mark Johnston | 23/02/2024

The revised taxonomy assigns an amber colour code to projects that help to facilitate low-carbon transition.