Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · A Clean Bill of Wealth
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

A Clean Bill of Wealth

Steps Underway to Curve Money Laundering Activities among Bali Money Changes.


Bali News:
Click Image to Enlarge

(12/15/2007)

Tempo Interaktif reports that steps are underway to tighten controls on money changers in Bali to improve service and reduce the possibility of money laundering.

Among the steps underway are the issuance of an official logo for display by licensed money changers and a set of know you client procedures requiring those seeking exchange services to prove their true identity.

The Vice Chairman of the Center for the Reporting and Analysis of Financial Transactions (PPATK), Susno Suaji, said, "we hope to get a report on every suspicious financial transaction that takes place."

Suaji said that beginning in 2008 the PPATK will take stern steps against money changers who fail to report their financial transactions including imposing punishments of up to 5 years in prison for transactions traced to money laundering activities.

The Chairman of the Bali Money Changers Association, Made Suparta Karang, said he is prepared to support any steps to control money-laundering. There are currently 494 registered money changers in Bali with still many more illegal money changers operating across the Island.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Russian Tourists Made of Sterner Stuff
Indonesian Ambassador to Moscow Says Russian Tourists to Bali Unworried by High Alert for Mount Agung
(10/20/2017)
Thereís No Place Like Dome
Huge Dome to be Installed at Nusa Dua as Entertainment and Conference Facility
(10/20/2017)
In the Event of a Sudden Loss of Cabin Pressure
Air Asia Flight from Perth to Bali Makes an Emergency Return to Perth
(10/20/2017)
Deer too Dear to be Left Behind
10 Timor Deer Evacuated from Danger Zone Near Mount Agung to Bali Zoo.
(10/20/2017)
Travelerís Aid
Tourism Academy Students Trained to Staff 10 Hospitality Desks in the Event of Airport Closure by Volcanic Dust
(10/20/2017)
Stop and Declare Yourself
Check Points in Operation in Danger Zones Surrounding Mount Agung
(10/20/2017)
Not Running in Fear
Anindya Bakrie: Herbalife Bali International Triathlon Shows the World that Bali Remains Safe for Holidays
(10/15/2017)
A Triathlon for the Soul
Herbalife Bali International Triathlon Attracts Record Numbers and Record Times
(10/15/2017)
Stay Calm and Look at the Facts
Bali Tourism Board Chairman: Foreign Consuls Asked to Be Moderate and Fair in Assessing and Communicating Safety in Bali.
(10/15/2017)
A Mountain of Debt
Financial Service Authority (OJK) Seeking to Ease Debt Burden of Companyís Affected by Mount Agung Alert Status
(10/15/2017)
Too Many? Too Late?
PHRI Chairman Says Badung Regency Taking Measures to Limit the Building of New Hotel Accommodation
(10/15/2017)
A Bookable Event
Shaping Up to be The Best Ever: 14th Ubud Writers and Readers Festival October 25-29, 2017
(10/15/2017)
All [News]!