BI reinforces cooperation with law enforcers on bank crime investigation

Bank Indonesia (BI) governor Darmin Nasution has announced that BI has reinforced cooperation with the National Police and the Attorney General’s Office (AGO) in relation to the handling of banking crime in the country.

Cooperation between the parties has been ongoing since 1997 and led to the signing of a Letter of Joint Understanding (SKB) on the handling of banking crime in 2004.

“After evaluating the 2004 SKB, we’ve agreed that we are in dire need of improvement to be able to deliver more in the future,” Darmin said on Monday, as quoted by tribunnews.com.

He added that the banking industry needed to be well protected from sophisticated crime methods. Therefore, the industry would also need to cooperate with other institutions such as the Deposit Insurance Agency (LPS), the Financial Transaction Reports and Analysis Centre (PPATK), the Indonesian Capital Market and Financial Institutions Supervisory Agency (Bapepam LK) and the Corruption Eradication Commission (KPK).

National Police chief Gen. Timur Pradopo said that the cooperation was essential in order to solve complex banking crime cases.

“The handling of the Bank Century case is the perfect example of what we have been doing,” he said.