Regulatory Alerts2009-03-13
Circular Letter No. 11/7/DPM - Amendment To Circular Letter No. 9/23/DPM Regarding Permit Procedures, Application Of Know-your-customer Principle, Supervision, Reporting And Imposition Of Sanctions On Non-bank Foreign Exchange Traders
Bank Indonesia issued Circular Letter No. 11/7/DPM to amend Circular Letter No. 9/23/DPM by establishing new regional offices in Serang, Tegal, Pematangsiantar, and Gorontalo. This amendment reassigns the authority for permitting, supervising, and guiding non-bank foreign exchange traders within these specific working regions to the respective local Bank Indonesia offices. The regulatory changes ensure that oversight responsibilities are properly delegated from previous offices to support economic development in these areas.
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