In a bid to improve the current reporting mechanism for foreign-exchange traffic activities (Lalu Lintas Devisa– “ LLD ”), Bank Indonesia’s Board of Governor(“ BI ”) recently issued Regulation No. 21/7/PADG/2019 on the Reporting of Foreign-Exchange Traffic Activities by Non-Bank Institutions (“ Regulation 7/2019 ”). [1]
BI Updates Provisions on the Reporting of Foreign-Exchange Traffic Activities by Non-Banks
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