TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
SKKMigas teams up with financial intelligence body to prevent money laundering
Change Size
Visitors examine a model gas processing facility during the Indogas Exhibition in Jakarta recently. (JP/Ricky Yudhistira )
T
he Upstream Oil and Gas Regulatory Special Task Force (SKKMigas) has teamed up with a financial intelligence body to boost transparency and prevent money laundering among stakeholders involved in the upstream sector.
SKKMigas signed a memorandum of understanding (MoU) with the Financial Transaction Reports and Analysis Centre (PPATK) last Thursday to secure cooperation in several areas, including in the exchange of information, research and information technology development.
“Through the MoU, we expect there will be further efforts to prevent and eradicate money laundering in upstream oil and gas activities,” SKKMigas communications head Wisnu Prabawa Taher said in a statement on Sunday.
Wisnu said all stakeholders, including financial regulators, law enforcers and the public, should join hands to meet this ambition.
(Read also: Combating money laundering)
In May 2015, the National Police raided the offices of petrochemical company PT Trans Pacific Petrochemical Indotama (TPPI) and SKKMigas in Jakarta, as several officials from both parties were suspected of laundering money, allegedly causing state losses of US$156 million.
From 2009 to 2010, the TPPI collaborated with SKKMigas to market condensate in the country, but the former never paid out the profits from the sales of the equipment to the latter.
Moreover, in April 2014, former SKKMigas chief Rudi Rubiandini was sentenced to seven years in prison and fined Rp 200 million ($14,905) by the Jakarta Corruption Court after he was proven guilty of accepting S$200,000 and $900,000 in bribes from Widodo Ratanachaithong of Singapore-based oil trading company Kernel Oil. (bbn)
