FATF 3rd Follow-Up Compliance Report on Indonesia notes progress in AML/CFT legal, supervisory and enforcement measures, but flags gaps in implementation, asset recovery & risk-based supervision

Indonesia’s third enhanced follow-up report finds further progress since its 2023 mutual evaluation, with Recommendation 6 on targeted financial sanctions related to terrorism and terrorist financing re-rated from partially compliant to compliant. Indonesia now has 7 Recommendations rated compliant and 30 largely compliant, while 3 remain partially compliant, covering non-profit organisations, beneficial ownership of legal arrangements and DNFBP supervision…