Regulatory AlertsImplementation of Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing Programs for Digital Financial Asset Traders
The Financial Services Authority (OJK) issued Circular Letter No. 16/SEOJK.07/2025 to establish detailed operational requirements for Digital Financial Asset Traders regarding Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing programs. This regulation mandates the adoption of a risk-based approach, active oversight by the Board of Directors and Board of Commissioners, and the implementation of robust internal controls, information management systems, and human resource training. It further specifies reporting obligations and response plans to ensure compliance with POJK No. 27 of 2024 and POJK No. 8 of 2023.
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