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PPATK says suspicious transactions on rise
Financial Transaction Reports and Analysis Centre (PPATK) head M
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inancialTransaction Reports and Analysis Centre (PPATK) head M.Yusuf has said thenumber of suspicious transactions involving members of political parties hasincreased by between 20 and 25 percent ahead of the elections.
'We're still assessing [the situation] but there's been a significant increase in the number of suspicious transactions reported in the past year leading up to the elections,' Yusuf said at the House of Representatives on Monday as quoted by Antara news agency.
He refused to elaborate on the details of the transactions. 'I
can't give you the details as we're still looking into it and we're afraid that if any information is leaked, it will impede the inquiry into the cases,'
he said.
Yusuf said transactions were considered suspicious if a person's financial activities far outweighed his or her income.
'Transactions are deemed suspicious if someone has a monthly income of Rp 10 million [US$820] but he or she conducts Rp 500 million worth of transactions,' he said.
Other elements that can indicate suspicious transactions include currency exchanges used for the transactions and the frequency of the transactions.
'If someone suddenly makes a transaction using US dollars while he or she normally conducts transactions in rupiah, or they now conduct transactions every week while usually only do so once a month, we will consider that suspicious, as they have deviated from their regular financial pattern,' he said.
