Indonesian Civil Society Seeks AML Membership Review Over New Bond Law

Civil society groups issue letter urging global anti‑money‑laundering body to review Indonesia’s membership

The headquarters of Indonesia’s Danantara sovereign wealth fund in Jakarta. Civil society groups have alleged that legislation governing the issuance of bonds by the agency could facilitate money laundering. © Reuters

NATSUMI KAWASAKI and REZHA HADYAN

JAKARTA — A coalition of Indonesian civil‑society organizations has sent a letter to the global anti‑money‑laundering watchdog, requesting a review of the country’s membership. The groups argue that recent amendments to financial legislation, particularly concerning sovereign‑wealth bond issuance, could enable the laundering of illicit assets.

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