19-7-2023 (JAKARTA) Indonesia’s Finance Minister Sri Mulyani has highlighted the country’s role in eradicating transnational crimes in the financial sector. Speaking at the G20 High-Level Tax Symposium on Combatting Tax Evasion, Corruption, and Money Laundering, Mulyani stated that Indonesia’s participation in global efforts to combat criminal acts such as money laundering and financing of terrorism has been clearly demonstrated.
She emphasized that transnational crimes in the financial sector cannot be handled by a single country or institution alone. Since 2009, Indonesia has actively played a crucial role in international tax transparency through its membership in the Global Forum on Transparency and Exchange of Information for Tax Purposes. Mulyani also noted that Indonesia is one step away from becoming a member of the Financial Action Task Force on Money Laundering and Terrorism Financing (FATF).
The implementation of the Tax Administration Core System (Core Tax) in Indonesia is expected to contribute to ensuring comprehensive and integrated tax data. The G20 High-Level Tax Symposium on Combatting Tax Evasion, Corruption, and Money Laundering was held in Gandhinagar, India on July 16, 2023, as part of the Third G20 Minister of Finance and Central Bank Governors level (3rd G20 FMCBG) meetings.
