The Controversy over Freezing Dormant Accounts
Monday, August 4, 2025
Financial Transaction Reports and Analysis Center Chief Ivan Yustiavandana stated that the freezing of dormant accounts serves a constructive purpose.
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The Controversy over Dormant Account Freezing
THE Financial Transaction Reports and Analysis Center (PPATK) has temporarily frozen various inactive, or dormant, bank accounts. PPATK Chief Ivan Yustiavandana said the move aims to prevent the financial system from being exploited by criminal networks. “The state has no intention of confiscating these funds. On the contrary, we’re increasing protection,” Ivan said on Thursday, J
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