Indonesia

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.

Market Infrastructure

Update: Indonesia Outlines Fintech Regime

By Samuel Riding | 06/09/2016

Central bank to oversee payments sandbox; OJK to regulate other services.

Capital / Liquidity

Indonesia to Allow CP, NCDs

By Samuel Riding | 26/08/2016

Central bank aims to encourage lenders to free up capital; avoid adding to $24.28bn in liquidity already parked with it by lenders.

Capital / Liquidity

OJK Eyes Loan-rule Easing to Boost Consumption

By Samuel Riding | 18/08/2016

Regulator says banks’ bad loan risks are manageable; could permit down payment-free home loans.