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AGP Mutual Evaluation Indonesia 2018 - Ratings
1. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018 1
Anti-money laundering and counter-
terrorist financing (AML/CFT)
measures in Indonesia
Fourth Round Mutual Evaluation
Ratings
September 2018
http://www.fatf-gafi.org/publications/mutualevaluations/documents/mer-Indonesia-2018.html
2. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018
Ratings – Effectiveness (1/3)
2
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Indonesia
has achieved
this objective
1. ML and TF risks are understood and, where appropriate,
actions co-ordinated domestically to combat ML and TF
Substantial
2. International co-operation delivers appropriate information,
financial intelligence, and evidence, and facilitates action
against criminals and their assets
Substantial
3. Supervisors appropriately supervise, monitor and regulate
financial institutions and designated non-financial
businesses and professions (DNFBPs) for compliance with
AML/CFT requirements commensurate with their risks.
Moderate
4. Financial institutions and DNFBPs adequately apply AML/CFT
preventive measures commensurate with their risks, and
report suspicious transactions.
Moderate
3. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018 3
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Indonesia
has achieved
this objective
5. Legal persons and arrangements are prevented from misuse
for money laundering or terrorist financing, and information
on their beneficial ownership is available to competent
authorities without impediments
Moderate
6. Financial intelligence and all other relevant information are
appropriately used by competent authorities for money
laundering and terrorist financing investigations.
Substantial
7. Money laundering offences and activities are investigated
and offenders are prosecuted and subject to effective,
proportionate and dissuasive sanctions
Moderate
8. Proceeds and instrumentalities of crime are confiscated. Substantial
Ratings – Effectiveness (2/3)
4. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018 4
Immediate outcome of an effective system to combat money
laundering (ML) and terrorist financing (TF)
Extent to
which
Indonesia
has achieved
this objective
9. Terrorist financing offences and activities are investigated
and persons who finance terrorism are prosecuted and
subject to effective, proportionate and dissuasive sanctions.
Substantial
10. Terrorists, terrorist organisations and terrorist financiers are
prevented from raising, moving and using funds, and from
abusing the non-profit sector.
Moderate
11. Persons and entities involved in the proliferation of weapons
of mass destruction are prevented from raising, moving and
using funds, consistent with the relevant United Nations
Security Council Resolutions.
Low
Ratings – Effectiveness (3/3)
5. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018 5
Ratings – Effectiveness
0
5
5
1
High
Substantial
Moderate
Low
6. 6
Ratings – technical compliance
(1/5)
September
2016
AML/CFT POLICIES AND COORDINATION
1. Assessing risks & applying a risk-based approach LargLarLarLar Largely Compliant
2. National cooperation and coordination LargLarLarLar Largely Compliant
MONEY LAUNDERING AND CONFISCATION
3. Money laundering offence LargLarLarLar Largely Compliant
4. Confiscation and provisional measures LargLarLarLar Largely Compliant
TERRORIST FINANCING AND FINANCING OF PROLIFERATION
5. Terrorist financing offence LargLarLarLar Largely Compliant
6. Targeted financial sanctions related to terrorism & terrorist
financing PartPa ParPa Partially Compliant
7. Targeted financial sanctions related to proliferation NonNo NonNon Non Compliant
8. Non-profit organisations LargLarLarLar Largely Compliant
7. 7
Ratings – technical compliance
(2/5)
September
2016
PREVENTIVE MEASURES
9. Financial institution secrecy laws ComCo ComCom Compliant
Customer due diligence and record keeping
10. Customer due diligence LargLarLarLar Largely Compliant
11. Record keeping LargLarLarLar Largely Compliant
Additional measures for specific customers and activities
12. Politically exposed persons LargLarLarLar Largely Compliant
13. Correspondent banking ComCo ComCom Compliant
14. Money or value transfer services ComCo ComCom Compliant
15. New technologies LargLarLarLar Largely Compliant
16. Wire transfers LargLarLarLar Largely Compliant
8. 8
Ratings – technical compliance
(3/5)
September
2016
PREVENTIVE MEASURES (continued)
Reliance, Controls and Financial Groups
17. Reliance on third parties LargLarLarLar Largely Compliant
18. Internal controls and foreign branches and subsidiaries ComCo ComCo Compliant
19. Higher-risk countries LargLarLarLar Largely Compliant
Reporting of suspicious transactions
20. Reporting of suspicious transactions ComCo ComCo Compliant
21. Tipping-off and confidentiality LargLarLarLar Largely Compliant
Designated non-financial Businesses and Professions (DNFBPs)
22. DNFBPs: Customer due diligence LargLarLarLar Largely Compliant
23. DNFBPs: Other measures LargLarLarLar Largely Compliant
9. 9
Ratings – technical compliance
(4/5)
September
2016
TRANSPARENCY AND BENEFICIAL OWNERSHIP OF LEGAL
PERSONS AND ARRANGEMENTS
24. Transparency and beneficial ownership of legal persons PartParParPa Partially Compliant
25. Transparency and beneficial ownership of legal arrangements
PartParParPa Partially Compliant
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES
Regulation and Supervision
26. Regulation and supervision of financial institutions LargLarLarLar Largely Compliant
27. Powers of supervisors LargLarLarLar Largely Compliant
28. Regulation and supervision of DNFBPs PartParParPa Partially Compliant
Operational and Law Enforcement
29. Financial intelligence units ComComComCo Compliant
30. Responsibilities of law enforcement and investigative
authorities LargLarLarLar Largely Compliant
31. Powers of law enforcement and investigative authorities LargLarLarLar Largely Compliant
32. Cash couriers LargLarLarLar Largely Compliant
10. 10
Ratings – technical compliance
(5/5)
September
2016
POWERS AND RESPONSIBILITIES OF COMPETENT AUTHORITIES
AND OTHER INSTITUTIONAL MEASURES (continued)
General Requirements
33. Statistics LargLarLarLar Largely Compliant
34. Guidance and feedback LargLarLarLar Largely Compliant
Sanctions
35. Sanctions LargLarLarLar Largely Compliant
INTERNATIONAL COOPERATION
36. International instruments LargLarLarLar Largely Compliant
37. Mutual legal assistance LargLarLarLar Largely Compliant
38. Mutual legal assistance: freezing and confiscation LargLarLarLar Largely Compliant
39. Extradition LargLarLarLar Largely Compliant
40. Other forms of international cooperation LargLarLarLar Largely Compliant
11. Anti-money laundering and counter-terrorist financing measures in Indonesia - Mutual Evaluation Report - September 2018 11
Ratings – technical compliance
6
29
4
1
Compliant
Largely
compliant
Partially
compliant
