Regulatory Alerts2023-10-01
Regulation of the Commodity Futures Trading Regulatory Agency Number 8 of 2023
The Commodity Futures Trading Regulatory Agency of Indonesia issued Regulation No. 8 of 2023 to amend previous guidelines on preventing the financing of weapons of mass destruction proliferation. The regulation mandates immediate freezing of funds belonging to listed individuals or corporations and prohibits providing financial services to them, while establishing specific exceptions for basic living expenses and legal obligations. It also introduces protections for bona fide third parties and outlines procedures for requesting exceptions through the Financial Transaction Reports and Analysis Center.
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