Heaptalk, Jakarta — President Joko Widodo (Jokowi) has issued a strong call for the comprehensive handling of money laundering crimes through crypto assets. The relevant authorities must be at the forefront of eradicating these criminal acts, underlining the urgency of the matter.
Indications of money laundering through crypto assets are estimated at Rp139 trillion. “Crypto crime report data found indications of money laundering through crypto assets; this amounted to US$8.6 billion in 2022. This is equivalent to Rp139 trillion globally. Not big but massive,” said Jokowi.
Chairman of Indonesia’s Financial Services Authority (OJK) Board of Commissioners, Mahendra Siregar, who is part of the Money Laundering Crime (TPPU) Task Force, reassured in a press release some time ago in Jakarta that he is fully prepared to carry out President Jokowi’s mandate. His party will diligently monitor all activities suspected of being related to these indications, specifically using accounts or services from financial institutions related to crypto assets.
“In turn, we as members of the TPPU Team will have the authority to monitor these matters, including whether their use overlaps with the use of accounts or services from financial service institutions,” said Mahendra.
He further conveyed that the financial supervisory agency is also still investigating the governance issue of crypto and other digital assets, considering these assets are still classified as new-style financial instruments. “Actually, the essence is not different; the difference is only related to digital assets and crypto. Surely, as a new product, we need to understand better the risk factors that arise there,” he concluded.
