Jakarta, Indonesia - President Joko Widodo (Jokowi) announced on Monday that Indonesia has officially become the 40th permanent member of the Financial Action Task Force (FATF). Speaking from the Merdeka Palace in Jakarta, President Jokowi shared the news, stating, "Thank God, Indonesia was accepted by acclamation as the 40th permanent member of FATF." This milestone was achieved following negotiations in Paris last October.
According to Antara News Agency, The FATF is an international organization committed to combating money laundering, terrorism financing, and the proliferation of weapons of mass destruction. According to the president, Indonesia's membership in the FATF is a significant step in enhancing the global perception of the Indonesian financial system.
President Jokowi emphasized that this development is crucial for boosting confidence and trust in Indonesia's business and investment climate. He remarked, "It is very important to increase positive perceptions towards the Indonesian financial system. It will help to boost confidence and trust in our business and investment climate."
The president also praised the National Coordinating Committee for the Prevention and Eradication of Money Laundering and other involved stakeholders for their diligent efforts and commitment, which were instrumental in securing Indonesia's official membership in the FATF.
Looking ahead, President Jokowi expressed optimism that this achievement will lead to improved governance in Indonesia's anti-money laundering initiatives and efforts to prevent terrorist financing. The Financial Transaction Reports and Analysis Center (PPATK) states that as a permanent FATF member, Indonesia is poised to contribute significantly to formulating global strategic policies related to Anti-Money Laundering and Prevention of the Financing of Terrorism (APUPPT), further strengthening Indonesia's integrity and active role on the international stage.