Indonesia’s Sanctions Implementation Scores High in Compliance Ease, Study Finds

According to a recent report, Indonesia has scored high on its ability to comply with financial sanctions, making it easier for companies and individuals to navigate its sanctions list.

The Study’s Findings

The country’s autonomous sanctions list, known as the List of Suspected Terrorists and Terrorist Organizations (DTTOT), is maintained by the Indonesian Financial Transaction Reporting and Analysis Centre (PPATK). The report notes that Indonesia has a weighted score of [insert score], indicating that it is relatively easy to comply with its sanctions list.

Factors Considered

The score takes into account three key factors:

• Data Integrity: How well-organized and reliable the data on the sanctions list is.
• Data Delivery: The speed and efficiency of delivering the sanctions list to relevant parties.
• Guidance Scores: The clarity and effectiveness of guidance provided by PPATK on implementing sanctions.

Indonesia’s Sanctions Regime

Indonesia does not maintain any other international sanctions regimes apart from the United Nations (UN) sanctions, which it implements domestically. The country’s financial sanctions are issued by PPATK and are intended to combat terrorism financing and money laundering.

Commitment to Implementation

The study highlights Indonesia’s commitment to implementing UN sanctions, demonstrating its willingness to work with the global community in combating terrorist financing and other illicit activities.

Conclusion

With its high compliance score, companies and individuals operating in Indonesia can have greater confidence in navigating the country’s sanctions regime. This ease of compliance makes it easier for businesses and individuals to operate in Indonesia while minimizing the risk of non-compliance with financial sanctions.