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Jakarta Post
The Jakarta Post
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Beneficial ownership on the radar

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta | Thu, March 8 2018 | 01:29 am

PREMIUM The government has issued the long-awaited Presidential Decree No. 13/2018 on beneficial ownership, which enables authorities to identify the beneficial owners of firms and cooperatives, among other insitutions, to curb money laundering and terrorism funding practices.

The decree, which was signed by President Joko “Jokowi” Widodo on March 1, is also believed provide a legal basis for t...