Indonesia, Brunei agree to cooperate on anti-money laundering
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./.