Oplecenter Business & Finance News

JAKARTA – Capital Market Supervisory Agency and Financial Institution (Bapepam-LK) requested financial services provider in the field of capital markets to get to know their customers.

As stated Chairman of Bapepam-LK in the press release was quoted as saying by the official website of Bapepam-LK, in Jakarta, Saturday (26/12/2009) will this new decision also came into force since January 1, 2010.

Introduction was done in order to create capital markets industry is healthy and protected from the practices of money laundering and used as a means of funding terrorist activities.

Therefore, efforts needed to prevent and combat money laundering and financing terrorist activities by financial service providers in the field of capital markets through the application of the principle of know your customer.

Based on this, the enhanced provisions of the principle of know your customer by the financial services provider in the field of capital markets, the attachment decisions chairman of Bapepam-LK No. Kep-313/BL/2007 of August 28, 2007 with a discipline decision of Bapepam-LK chairman of the new.

The financial services provider in the field of capital markets that has obtained permission or approval from Bapepam-LK prior to the application of this decision must submit to Bapepam-LK guide implementation of the customer knows the principles that have been adapted to the provisions referred to at least June 30, 2010.

In addition, financial service providers to update the data on existing customers before the establishment of this decision by tailoring the information and supporting documents referred customers. Then verify the information and documents referred to the client at the latest on December 31, 2010.

With the enactment of this decision, the decision of the Chairman of Bapepam-LK Kep-313/BL/2007 number of August 28, 2007 on the principle of know your customer by a financial services provider in the field of capital markets is revoked and declared no longer valid.