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Central bank monitoring money changers to counter terrorism financing
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Selayar Police chief Adj. Sr. Comr. Eddy Suryantha Tarigan (left) shows copies of social media information released by Nur Rahmat Saleh (second right) who has been named a terrorism suspect in a press conference in Makassar, South Sulawesi, on Jan. 4. (Antara/Dewi Fajriani)
B
ank Indonesia (BI) has been monitoring money changers in North Sulawesi to anticipate the possibility of terrorists exchanging currency in the region to fund their activities, a BI official has said.
A. Yusnang, the deputy director of BI’s representative office in North Sulawesi, said Thursday that some money changers had fulfilled their obligations to report transactions to the Financial Transaction Reports and Analysis Center (PPATK).
“We have been monitoring them to prevent them from being used by terrorists to launder money or as channels to exchange currency,” Yusnang said.
He said the authorities could be alerted if there were parties that exchanged money in an uncharacteristic manner, like exchanging an amount much higher than their usual transactions. “If we find something like this we will take the necessary legal steps because there are two possibilities: they could be either perpetrators of corruption or terrorists,” Yusnang said.
“But we cannot monitor money changers that don’t have licenses, so we ask all them to apply for a license,” he said. (evi)
