Indonesia

Capital / Liquidity

OJK Takes Over Credit Information Management from BI

By Garima Chitkara | 02/01/2018

Indonesian financial regulator will take over arranging, developing and managing credit information systems from central bank.

Market Infrastructure

Malaysia, Thailand and Indonesia Launch Local Currency Clearing

By Editors | 13/12/2017

Deal involving multiple regional banks, which takes effect on 2 January, will enable wider use of domestic currencies in financial investment.

Market Infrastructure

Indonesia, Vietnam Join Virtual Currency Clampdown

By Editors | 30/10/2017

Indonesian central bank says ‘financial innovation’ requires pre-approval; State Bank of Vietnam to pass law outlawing virtual currencies next year.

AML / KYC

Indonesia Tightens AML Rules to Address Fintech Complexity

By Editors | 14/09/2017

Bank Indonesia says new technological developments and innovations have increased risks of money laundering via payment and forex systems.

AML / KYC

Indonesian Money Changers Said to Distribute $300mn in Drug Proceeds

By Samuel Riding | 01/02/2017

Investigator says four dealers operating without a license, two in breach of central bank regulations.

Uncategorised

Indonesia – 2016 in Review

By Samuel Riding | 15/12/2016

Indonesian regulators boosted efforts on tax avoidance, financial technology and KYC this year.

AML / KYC

Indonesia Tightens Forex Reporting Requirements

By Samuel Riding | 02/11/2016

Banks must detail purposes of outbound transfers of more than $100,000.

AML / KYC

Indonesia Simplifies Account Opening Process

By Samuel Riding | 12/09/2016

New rule relaxes KYC requirements for banking service provision through agents.

AML / KYC

Indonesia Fraudsters Forge Central Bank Promissory Notes

By Samuel Riding | 07/09/2016

Forged documents used by fraudsters who promise to help borrowers repay loans early.