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Three institutions team up to probe suspicious US$1.4b transfer
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A file photo of a recent Jakarta expo shows the booth set up by the Financial Service Authority (OJK). (Kontan/Daniel Prabowo)
T
he Financial Transaction Reports and Analysis Center (PPATK), the Financial Services Authority (OJK) and the Taxation Directorate General are teaming up to investigate the overseas transfer of US$1.4 billion by an Indonesian national.
PPATK head Kiagus Ahmad Badaruddin confirmed that his institution had received information on the transfer several months ago from its partners abroad.
“Since several months ago, we have been coordinating with relevant institutions to investigate the matter. But we cannot verify the identity of the person who made the transfer,” Kiagus said in Jakarta, as reported by tempo.co on Monday.
Bloomberg first reported that regulators in Europe and Asia were investigating Standard Chartered over the role its staff may have played in transferring $1.4 billion in private banking client funds from Guernsey to Singapore before new tax transparency rules were introduced in 2015.
OJK commissioners' council chairman Wimboh Santoso said his institution, in cooperation with the PPATK, were now tracking down the money, but declined to comment further on the issue.
“It is too early to mention the kind of transaction,” said Wimboh over the weekend, adding that the OJK was still awaiting reports from other institutions.
Director General of Taxation Ken Dwijugiasteadi claimed to know the identity of the person who had transferred the fund. He said that the person in question had revised his annual tax report, but he had no information about the motive behind the transfer. (bbn)
