Bill on the Prevention and Eradication of Money Laundering - New Powers

The Center for Reporting and Analysis of Financial Transactions (PPATK / Pusat Pelaporan dan Analisis Transaksi Keuangan) is set to be the biggest beneficiary of the Bill on the Prevention and Eradication of the Crime of Money Laundering (Money Laundering Bill) that is currently before the House of Representatives (DPR / Dewan Perwakilan Rakyat) if it passes in its present form. The criticism, valid or otherwise, of the PPATK was that it is in essence a paper tiger that has a growl much larger than its bite, as well as an overt bowing to international pressure to address the issue of money laundering at least in a regulatory framework.