Jakarta (VNA) – The Governor of Bank Indonesia, Perry Warjiyo, and Managing Director of Brunei Darussalam Central Bank (BDCB), Rokiah Badar, have agreed to cooperate in combating money laundering and prevent the financing of terrorist activities in the payment system.
According to Perry, the signing of a Memorandum of Understanding (MoU) between the two sides on the cooperation, which is effective from June 2021, demonstrated Bank Indonesia's commitment to strengthening financial system integrity in response to the increasingly complex payment system challenges in both countries.
In addition, Indonesia and Brunei have acknowledged the need for policy synergy and integration when applying Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) policy.
The MoU aims at strengthening AML/CTF policy cooperation concerning the payment system in accordance with the jurisdiction of both central banks based on legal and regulatory frameworks, supervision methods and transaction reporting, Perry said.
He said that the two sides would also hold policy dialogue, data and information exchange as well as human resources capacity building./.
Indonesia, Brunei boost multi-faceted cooperation
Indonesian President Joko Widodo and Brunei’s Sultan Haji Hassanal Bolkiah met in Jakarta on May 3 to discuss a number of bilateral and regional issues.
