HALISTER1: Indonesia Suspects Drug-Trafficking Link at Illegal FX Changers

Indonesia Suspects Drug-Trafficking Link at Illegal FX Changers

(Bloomberg) -- The National Narcotics Agency suspects illegal money changers of being involved in drug trafficking, Rahmat Sunanto, director for money laundering at the agency, tells reporters in Jakarta.
  • Money changers may be unaware of drug-trafficking activity, but there’s reason to suspect they know if there has been multiple transactions: Sunanto
  • Finance Minister has agreed that some assets confiscated by the agency may be repurposed for the agency’s activities, including prevention and rehabilitation: Sunanto
  • Bank Indonesia notes 612 unlicensed money changers as of Oct, with all of them required to get a license by April 7, says Eni Panggabean, head of financial system policy and supervision at Bank Indonesia
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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