Jakarta (ANTARA) - Indonesian President Prabowo Subianto has appointed Yusril Ihza Mahendra as Chairman of the National Coordination Committee for the Prevention and Eradication of Money Laundering, as part of efforts to strengthen the country’s financial oversight.

The appointment was formalized under Presidential Regulation (Perpres) No. 88 of 2025, an amendment to Perpres No. 6 of 2012. Prabowo signed the regulation in Jakarta on August 25, 2025.

According to a copy of the regulation seen on Thursday, the restructuring of the committee is aimed at improving the effectiveness of anti-money laundering measures amid growing complexity in financial crimes.

Article 32A of the revised regulation grants Mahendra the authority to issue guidelines for the committee’s operations and to determine the structure of its executive team, expert group, and working group.

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President Prabowo also appointed Coordinating Minister for Economic Affairs Airlangga Hartarto as deputy chair and Ivan Yustiavandana, Head of the Financial Transaction Reports and Analysis Center (PPATK), as secretary and member.

Article 5 of the regulation expands the committee’s membership to 18 state institutions, including Bank Indonesia, the Financial Services Authority (OJK), the Attorney General’s Office, the National Police (Polri), the State Intelligence Agency (BIN), and the National Narcotics Agency (BNN).

At the ministerial level, members include the heads of the Foreign Affairs, Home Affairs, Finance, Law, Immigration and Corrections, Trade, Cooperatives, Agrarian, Environment, Forestry, and Marine Affairs ministries.

The structural overhaul is intended to improve inter-agency coordination and enhance Indonesia’s ability to combat money laundering, while reinforcing trust in the national financial system.

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