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Jakarta Post

Indonesia vows to eradicate corporate money laundering, tax evasion

  • Kharishar Kahfi
    Kharishar Kahfi

    The Jakarta Post

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Jakarta   /   Fri, July 5, 2019   /  09:23 pm
The Jakarta Post Image
Corruption Eradication Commission (KPK) deputy chairman Alexander Marwata and an investigator show the bribe money the KPK seized during an operation into a bribery case on Nov. 28, 2018.(The Jakarta Post/Seto Wardhana)

The government is set to intensify its crackdown on people hiding behind business entities for corruption, money laundering and tax evasion following the signing of an interministerial agreement on sharing information on corporations’ beneficial owners. The memorandum of understanding (MoU) was signed on Wednesday by several ministers and their representatives, including Law and Human Rights Minister Yasonna Laoly and Finance Minister Sri Mulyani Indrawati. “The information on beneficial owners will assist law enforcement and terror funding, among other things, because it provides information of the real owner of a company,” Yasonna said on Wednesday. In 2012, the Corruption Eradication Commission (KPK) went to great lengths to prove that former Democratic Party treasurer Muhammad Nazaruddin was the beneficial owner of holding company Permai Group and...