Regulatory Alerts2025-07-03
Added · Updated
Implementation of Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing Programs for Digital Financial Asset Traders
OJK Circular No. 16/SEOJK.07/2025 mandates Digital Financial Asset Traders to implement effective Anti-Money Laundering, Counter-Terrorism Financing, and Counter-Proliferation Financing programs based on a risk-based approach. Traders must establish internal controls, policies, and procedures to identify, assess, and mitigate risks related to customers, geography, products, and delivery channels. The regulation defines key terms, outlines typologies of financial crimes, and requires periodic risk assessments and updates to ensure compliance with FATF recommendations and national risk assessments.