Jakarta (ANTARA) - President Joko Widodo (Jokowi) has called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.

"We need to stay vigilant against new technology-based money laundering acts by overseeing cryptocurrency assets, NFTs (non-fungible tokens), market activities, electronic money, and artificial intelligence amid the rapid developments in technology," he said on Wednesday.

In his speech on the 22nd anniversary of the National Movement Against Money Laundering and Terrorism Financing, Jokowi emphasized the need for comprehensive measures to combat money laundering.

Referring to a report, he said that the total value of assets laundered through crypto markets globally reached US$8.6 billion in 2022.

In light of this, he urged relevant ministries and agencies to stay ahead of money launderers by intensifying international cooperation, strengthening regulations, ensuring transparent and indiscriminate law enforcement, and leveraging technological conveniences.

Jokowi asserted that money launderers are constantly seeking new avenues.

"We should not be defeated by them, and our technology should not lag behind theirs. We must take bold and swift steps, or they will always prevail," he emphasized.

He also called on ministries and agencies to stay vigilant against terror financing.

He also drew attention to the upcoming Asset Forfeiture Bill, expected to be passed by the House of Representatives (DPR).

Jokowi expressed his belief that the bill would aid the country in punishing money launderers and recovering state assets.

"We must reclaim what rightfully belongs to our nation and its people. All parties involved in actions that result in state losses must be held accountable," he added.

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Translator: Mentari D, Tegar Nurfitra
Editor: Anton Santoso
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