Klojen (malangkota.go.id) – In order to implement the mandate of Bank Indonesia Regulation No. 18/20/PBI/2016 concerning Non-Bank Foreign Exchange Business Activities (KUPVA BB), Bank Indonesia as the Supervisory and Regulatory Institution (LPP) for KUPVA BB or known as the term 'money changer' in collaboration with the Indonesian National Police, carry out control activities against parties who are still carrying out foreign exchange activities without permission from Bank Indonesia.
Thursday (22/08/2019) BI Malang in collaboration with the Malang Police and the Malang Regency Trade and Industry Office carried out activities to control unlicensed BB KUPVA. The result was that one unlicensed BB KUPVA was controlled, located on Jl. Kawi, Kepanjen Malang.
The clean-up activity was carried out by attaching sticker regulation and signing of a statement letter to stop business activities and apply for a permit as a BB KUPVA organizer to Bank Indonesia.
This was conveyed by the Head of the Unlicensed BB KUPVA Control Team, Rini Mustikaningsih, Wednesday (28/08/2019). So far, Rini said that the parties being controlled have been cooperative so that the control activities can run smoothly and conducively.
"Activity monitoring will continue to be carried out and for unlicensed BB KUPVAs that damage, remove, or move the affixed regulatory stickers will be subject to criminal sanctions in accordance with Article 232 of the Criminal Code," he added.
Meanwhile, for unlicensed BB KUPVA proven to have falsified permits will be processed according to applicable provisions. As is known, before carrying out the control of unlicensed BB KUPVA, KPw BI Malang has made massive persuasive efforts through appeals to apply for permits to Bank Indonesia.
Among other things, through socialization and education to improve awareness
"The event also attended by the Industry and Trade Service of Malang Regency and the Head of the Regional Market Management Unit of the five markets on May 23 and June 25, 2019," The woman is the Head of the Payment Systems Team, Rupiah Money Management and BI Malang Administration Services.
Rini further said, pThe selection of educational targets is based on community reports and research results. market intelligence that there are several gold traders who carry out foreign exchange business activities without permission from Bank Indonesia.
"As a result, when Bank Indonesia came back, the traders had already removed all attributes related to foreign exchange and the people concerned chose to stop foreign exchange activities," he continued.
In response to this, Rini said Bank Indonesia greatly appreciates the traders and would like to thank the Malang Regency Trade and Industry Office and the Head of UPPD who helped to socialize the licensing obligations of Non-Bank KUPVA to the public, especially traders in the market.
"In addition to increasing public trust, the obligation to have a license for KUPVA BB can reduce the risk of misuse of the business as a means of narcotics crime, money laundering, and terrorism funding by irresponsible parties. To realize a healthy domestic foreign exchange market and fulfill the obligation to use the rupiah in the territory of the Unitary State of the Republic of Indonesia, KUPVA BB organizers are urged to immediately have a license," he said.
In addition to providing protection to KUPVA BB against the risk of misuse of criminal acts, the principles of consumer protection in the form of transaction transparency, protection of customer data and information, and handling of customer complaints will be more effective.
To the public, Rini appealed to always use KUPVA BB that has obtained permission from Bank Indonesia and to inform the BI Malang Representative Office if they find parties suspected of carrying out foreign exchange activities without permission and/or opening branches without permission.
Licensed BB KUPVA will continue to be reminded not to cooperate and transact with unlicensed actors. "Legal processes will be taken if there are BB KUPVAs that commit or are involved in money laundering and terrorism financing crimes," he continued.
KUPVA BB and the public are urged to be careful if there are irresponsible parties who take advantage of the clean-up activities in the name of Bank Indonesia. Regarding this, said Rini, Bank Indonesia will take firm action against the perpetrators through legal efforts in collaboration with the police.
