INTRODUCTION TO IMPLEMENTATION OF POJK NO. 39/POJK.05/2015

On July 21, 2016 located in Ballroom Hotel Ibis Harmoni, Jakarta, Bima Finance held an internal meeting to introduce the implementation of Financial Services Authority of Indonesia Regulation No.39/POJK.05/2015 on “Application of Anti Money Laundering Program and Prevention of Terrorism Financing by Non-Bank Financial Institutions” for the year 2016. The event was attended by all Area and Branch Managers and presented by Ms. Ni Wayan Anik Parwati as the Legal Manager of Bima Finance.

The meeting was held as compliance to applicable rules and regulations and also part of the company’s effort to help the government in preventing the criminal acts of money laundering and terrorism financing activities.

INFORMATION ON APU-PPT (Anti Money Laundering Program and Prevention of Terrorism Financing)

The Criminal Act of Active Money Laundering is defined as:

Person or persons that place, transfer, divert, spend, pay, grant, entrust, bring overseas, convert, exchange money or securities or other acts on Assets which are known or reasonably suspected as the proceeds from criminal act(s) with the intent to conceal or disguise the origin of said Assets.

The Criminal Act of Passive Money Laundering is defined as:

• Person or persons that receive or control the placement, transfer, payment, grant, donation, entrusting, converting or using Assets which are known or reasonably suspected as the proceeds from criminal act(s); and
• Person or persons that benefit from the criminal act of money laundering and conceal or disguise the origin, location source, designation, transfer of rights or true ownership of Assets which are known or reasonably suspected as the proceeds from criminal act(s).

Terrorism financing refers to all activities that provide, collect, support or finance funds directly or indirectly with the intent to use them and/or knowingly use them for acts of terrorism, terrorist groups or individual terrorists.

Impact of Money Laundering and Terrorism Financing:

1. Threaten the economic stability and financial system integrity.
2. Endanger the foundations of our existence as a community, a people and a nation.
3. Interfere with the country’s security and sovereignty considering that the criminal of act of terrorism and activities that support acts of terrorism is a form of threat to state sovereignty.

THE ROLE OF FINANCIAL SERVICE SECTOR IN APU PPT REGIME AND PREVENTION OF TERRORISM FINANCING

a. APU PPT Regimen

b. Prevention of Terrorism Financing Regimen