Economy
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.
