New Power to Investigate Money Laundering
Monday, 2 August 2021
Investigators at government ministries and state institutions now have the authority to investigate money-laundering cases. The Constitutional Court granted the request for a material review of Article 74 of the Law on the Prevention and Eradication of Money Laundering, and cancelled the interpretation that only six institutions has the right to hunt down those committing that crime. This has the potential to return over tens of trillion of rupiah of state funds.
FOR the past two years, a case of lobster larvae smuggling has preoccupied Inspector-General of the Ministry of Marine Affairs and Fisheries, Muhammad Yusuf. This former chairman of the Financial Transaction Reports and Analysis Centre (PPATK) and his team had discovered a pattern of lobster larvae smuggling from Indonesia to Vietnam. “It turns out there is a broker who holds them in Singapore, but we could not do anything about it because...
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