Anti Money Laundering and Counter-terrorism Financing

Introduction

As the risks of money laundering and counter-terrorism financing have increased due to technological advances and dynamic industrial growth, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan/OJK) is strengthening anti-money laundering and counter-terrorism financing regulations in the financial services sector to align with the international standards set by the intergovernmental Financial Action Task Force.

Depth of experience

We have had extensive experience advising clients on anti-money laundering and counterterrorism financing matters, including:

advising and providing guidance on regulatory compliance;

assisting clients on the ‘know your customer’ (KYC) requirements; and

conducting legal due diligence on corporate documents to check for consistency with the anti-money laundering and counter-terrorism financing regulations.