Indonesia behind on FATF AML deadline

Indonesia looks set to miss an FATF deadline to strengthen its anti-moneylaundering measures and could face penalties on its international financial transactions as a result, a senior central bank official told Dow Jones.

Parliament hasn't yet begun reviewing amendments to Indonesia's anti-money laundering law, and that makes it unlikely they will be ratified by the deadline, Sadguna said. The government has also so far made little progress in setting up a permanent independent body to oversee