Anti Money Laundering
Indonesian law now requires banks and financial institutions to institute effective Know Your Customer ("KYC") and Anti-Money Laundering ("AML") measures. Failure to comply with these requirements can expose a firm to substantial penalties or suspension from business. Our firm offers expertise to assist Indonesian firms complies with these requirements, by offering the following services: Assistance in developing internal KYC and AML policies and procedures conducting training in KYC and AML matters to staff Assistance in conducting background research into prospective clients and accounts to determine suitable risk management assistance in determining whether or not transactions are subject to reporting under KYC and AML regulations. Conducting compliance audits and assessments of KYC and AML policies and procedures representation of firms for KYC and AML matters before regulatory agencies.