Bank Indonesia Governor Darmin Nasution signed the agreement on coordination in bank crimes handling with National Police Chief General Timur Pradopo and Attorney General Basrief Arief at the BI headquarters.
Timur Pradopo said the MOU was the continuation of the joint agreement signed by the three offices in 2004.
"This shows continuity in and our commitment to coordination and synergy with regard to dealing with and eradicating banking crimes," he said.
He said the cooperation that has lasted for the past seven years has been fruitful referring to the handling of the Century Bank case so far. He said the cooperation in information exchange would be more effective in the future.
He said alertness must be increased due to methods of crimes that have developed in line with technological progress that affect banking products.
"As a consequence, regulations have to be changed to cover loopholes for banking crimes," he said.
He hoped the cooperation could overcome various normative regulations in banks and make early detection able to be done.
Attorney General Basrief Arief meanwhile hoped the agreement could harmonize coordination and balance actions to assure quick and thorough law enforcement.
"Optimizing repressive law enforcement will safeguard public confidence," he said.
He said the cooperation agreement would promote the role of banks in competition as well as protect the people from banking crimes.
Darmin said the cooperation agreement would protect banks more strongly from banking criminals especially with regard to increasingly complex banking services and products.
"This requires coordination with authorities outside BI such as the police and the attorney general office as well as the deposit insurance agency (LPS), the financial transactions and analysis reporting center (PPATK) and the Financial Institution and Capital Market Supervisory Agency (Bapepam LK) and the Corruption Eradication Commission (KPK). A quick response is needed to prevent unrest and state losses," he said.