Numerous Suspicious Transactions in 2022, Mostly Related to Fraud

Demographics

Premium

Adi Ahdiat 24/03/2023 17:30 WIB

URL has been copied

Memuat...

In 2022, the Indonesian Financial Transaction Reports and Analysis Centre (PPATK) received approximately 90,700 reports of suspicious transactions, the majority of which are suspected to be related to

Top 15 Suspicious Transaction Types Based on Criminal Indicators (2022)

A Small Font
A Medium Font
A Bigger Font

You are accessing content Single Data Premium.
To continue, please subscribe or buy individually.

Professional

Enjoy premium access with a more affordable price.

Start from

~~Rp300.000~~ 150.000/month

Access more premium content and exclusive features for customers.

Start from

50.000/month

Hanya Rp833 per artikel

More details »

Buy Retail

Read the article immediately “Numerous Suspicious Transactions in 2022, Mostly Related to Fraud”.

Rp10.000

We accept the following payments:

Some payment methods are still in the process of being activated.

Top 15 Suspicious Transaction Types Based on Criminal Indicators (2022)

Download

Source

A Small Font
A Medium Font
A Bigger Font

Based on data from the Financial Transaction Reports and Analysis Center (PPATK), approximately 90,700 suspicious transactions were reported in Indonesia throughout 2022.

This number represents a 14% increase compared to the previous year, setting a new record for the past decade.

According to Law No. 8 of 2010 concerning the Prevention and Eradication of Money Laundering (UU TPPU), a suspicious transaction is defined as:

* A financial transaction that deviates from an individual's profile, characteristics, or usual transaction patterns;
* A transaction suspected of aiming to avoid reporting to the authorities;
* A transaction using assets suspected to originate from criminal proceeds; or
* A transaction requested by PPATK to be reported because it involves assets suspected to originate from criminal proceeds.

Suspicious transactions meeting the above criteria must be reported by financial service providers to PPATK.

Institutions with this reporting obligation include banks, financing companies, insurance companies/brokers, pension fund managers, securities companies, investment managers, foreign exchange traders, cooperatives, pawn shops, e-money managers, and others.

Providers of goods/services that discover suspicious transactions are also obligated to report to PPATK, such as property companies/agents, motor vehicle dealers, jewelry dealers, art/antique dealers, and auction houses.

In 2022, the majority of suspicious transaction reports received by PPATK were related to alleged fraud.

Many suspicious transaction reports were also suspected to be related to gambling, tax crimes, embezzlement, corruption, banking crimes, and others, as shown in the graph.

In 2022, banks reported the most suspicious transactions, and 91% of these originated from Jakarta.

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."