Home All

RI will find it easier to collect money from corruptors abroad if they become a member of FATF | merdeka.com

14
0
RI will find it easier to collect money from corruptors abroad if they become a member of FATF |  merdeka.com

Merdeka.com – Senior Economist Chatib Basri believes that the space for corruptors to hide their wealth abroad will be narrower if Indonesia can be accepted as a full member of the Financial Action Task Force for Money Laundering, or The Financial Action Task Force (FATF).

“I think it is very possible (to pick up deposits from abroad), because with this automatic action information from the tax side it will be possible,” said Chatib Basri in a Sharing Session, Why Indonesia Should Become a Full Member of the FATF with Liputan6.com, Tuesday (26/7).

If you become a full member of the FATF, it will be easier for Indonesia to exchange information about cases corruption with other member countries. Meanwhile, the government is still having trouble verifying it, because the source is often uncertain.

“If we become full members of the FATF, God willing, things like this can be more addressed, because it is more transparent, there is an exchange of information, and it can be monitored. So the process rather than the capital flows becomes legitimate,” he said.

“This will be very helpful not only from a macro perspective, but also in terms of governance. Also efforts to overcome problems related to the transfer of illicit activities,” said Chatib.

Chatib also hopes that if Indonesia fails to become a full member of the FATF. He said that if a country is not included in the membership watch list, the process of business transactions with member countries will be much more difficult.

“If because of that we don’t have easy transactions, investors don’t have confidence, then the implication is that this will undermine a confidence in the credibility of the economy, as well as our economic activity. That’s why I say, it’s very important that we become full members of the FATF, and this must be supported,” he said.

Reporter: Maulandy Rizky Bayu Kencana

Source: Liputan6.com [azz]

Read also:
Becoming a FATF Member is Called Streamlining RI’s Capital Inflows
The Voluntary Disclosure Program is Guaranteed Not to Violate the 4 Tax Principles
ACT Founder Avoids Forming Shell Company for Money Laundering
RI’s Advantages of Being a Member of the Global Money Laundering Task Force
Police Allege ACT Formed Shell Company for Money Laundering
Indonesia Becomes FATF Member, Minister of Finance Sri Mulyani: Tax Transparency is Important

LEAVE A REPLY

Please enter your comment!
Please enter your name here