Indonesia’s PPATK Hands over Suspicious Transaction Data to Finance Ministry

JAKARTA, KOMPAS.com - The Financial Transaction Reports and Analysis Center (PPATK) handed over data related to suspicion of money laundering worth 300 trillion rupiahs ($19.5 billion) to the Ministry of Finance.

The data was finally handed over following a request made by Finance Minister Sri Mulyani Indrawati regarding the 'suspicious transactions.'

PPATK head Ivan Yustiavandana said that together with the ministry, cooperation and coordination in the form of information exchange and other matters continue.

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"PPATK and the Ministry of Finance routinely coordinate in carrying out our respective tasks and functions, not limited to specific issues only," said Ivan on Tuesday, March 14.

Alleged money laundering

Furthermore, Ivan explained that the data submitted to the ministry is a list of all Informative Analysis Results documents along with the amount of nominal value indicated related to the criminal act of money laundering.

"It is as stated in the individual data of each case from 2009 to 2023," he said.
Regarding the handling and fulfillment of information requests from the ministry, Ivan said it is a priority for PPATK to support state revenue and strengthen performance accountability as the state treasurer.

"PPATK will always take effective collaborative steps to handle all information that has been submitted," he said.

Finance minister’s request

Previously, Sri Mulyani urged PPATK to be transparent about suspicious transaction data worth 300 trillion rupiahs within the ministry.

The minister already received a report from PPATK regarding the suspicious transaction, but the suspicious transaction of 300 trillion rupiahs could not be found in the report.

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Therefore, Sri Mulyani said that she did not know the origin of the transaction.

"Until now, I have not received information regarding the 300 trillion rupiahs, where the transactions come from, what transactions are involved, and who is involved," she told a press conference at the ministry building in Jakarta on Saturday, March 11.

"In the letter that Mr. Ivan [head of PPATK] sent to me on Thursday, the letter only stated the number of letters submitted by PPATK and the list of cases, but no amount in rupiah was provided," she said.

Therefore, Sri Mulyani urged PPATK to disclose the transaction data in detail, starting from the value per transaction, the source of the transaction, to who is involved.

She said the ministry is very open if the data from suspicious transactions can be used as legal evidence for further action.

This article has been translated from Indonesian, partly with the help of an artificial intelligence tool.

(Writer: Rully R. Ramli | Editor: Aprillia Ika)

Source: https://money.kompas.com/read/2023/03/14/103811126/ppatk-akhirnya-serahkan-data-transaksi-janggal-rp-300-triliun-ke-kemenkeu.