Indonesian agency freezes bank accounts related to outlawed hardline group FPI
08 Jan 2021

Indonesia’s anti-money laundering agency has temporarily frozen bank accounts belonging to the recently outlawed Islam Defenders Front (FPI) and its affiliated groups on suspicion of money laundering.

Financial Transaction Reports and Analysis Centre (PPATK) public affairs unit head Natsir Kongah said on Tuesday (Jan 6) that the move was in line with a 2010 law on money laundering and a 2013 law on the prevention and eradication of terrorism funding.

“We have decided to suspend any transaction and activities coming from the accounts of the FPI and its affiliations to support an analysis and financial investigation into suspicious transactions, with indications of money laundering or connection to other crimes,” Mr Natsir said as quoted by tempo.co on Tuesday.

The PPATK has the power to request financial service providers to block suspicious transactions, he said.

The agency has received 59 notifications from various financial service providers pertaining to the suspension of financial transactions performed by the FPI and its affiliated groups.

FPI lawyer Aziz Yanuar confirmed on Wednesday that the PPATK had frozen 59 bank accounts connected to the group, tribunnews.com reported. He declined to provide further details, saying only that “from what I understand, those (accounts) are the FPI’s official bank accounts”.

PPATK’s Mr Natsir said the centre would continue analysing the transactions and formally hand over the results to law enforcement agencies if they confirmed their suspicions.

Read more at The Straits Times

RiskScreen: Eliminating Financial Crime with Smart Technology

Count this content towards your CPD minutes, by signing up to our CPD Wallet

FREE CPD Wallet