Regulatory Alerts2010-12-22
Bank Indonesia Regulation No.12/22/PBI/2010 concerning Money Changer
Bank Indonesia issued Regulation No. 12/22/PBI/2010 to establish the regulatory framework governing the operations of money changers in Indonesia. The regulation mandates specific licensing requirements, operational standards, and reporting obligations for entities engaged in foreign currency exchange services. It aims to ensure market integrity and consumer protection within the national financial system.
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