National

KPK, PPATK pledge to join
forces on money laundering

The Corruption Eradication Commission (KPK) and Financial Transactions and Reports Analysis Centre (PPATK) have signed a memorandum of understanding to seal agreement to work together to prevent and eradicate of money laundering and corruption.

KPK chairman Busyro Muqoddas and PPATK chief Yunis Husein signed the MoU at the KPK headquarters on Friday. The four KPK deputies — M Jassin, Bibit Samad Rianto, Chandra M Hamzah, and Haryono Umar — were also in attendance.

“This memorandum of understanding is a development of the previous memorandum, signed on April 29, 2004. The KPK and PPATK need to broaden each others’ networks for information exchange and the supervision of crimes involving money laundering and corruption,” Busyro Muqoddas said Friday, as quoted by kompas.com.

The amendment of the previous MoU is based on the passing of the 2010 law on anti-money laundering last October 2010.

The institutions could now form a joint taskforce to deal with such crimes.

“Under the new law, the KPK can investigate [cases connected to] the Prevention and Eradication of Money Laundering (PPPU),” Yunus Husein said.

“The most effective way to eradicate crime is through cooperation,” he said.



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