Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Bali: A 'Heaven' for Money Laundering?
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
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
Jln. By Pass Ida Bagus Mantra,
Jln. Pucuk 1 No. 70X
Denpasar, Bali

+62 (0)812 3819724
+62 (0)361 464 032, +62 (0)361 471 0242

Bali Discovery

Bali News

Bali: A 'Heaven' for Money Laundering?

Bank Indonesia Official Points to Bali's Property Sector as Ripe for Potential Abuse by Money Launderers.

Bali News: Money laundering Bali, Viraguna Bagoes Oka, Bank Indonesia, bank transfers Bali, Center the Analysis of Financial Transactions, PPATK, Bambang Permantoro
Click Image to Enlarge


Both BisnisBali and the Bali Post carry articles suggesting Bali has earned the dubious distinction of becoming a "heaven" for money launderers.

The Head of the Bali branch of Bank Indonesia, Drs. Viraguna Bagoes Oka, speaking at a meeting on money laundering, said, "the potential (for money laundering) is very high in Bali, especially in light of the high level of investment activity."

The Bank Indonesia official blamed imperfections in current "anti-money laundering" regulations for fostering these activities in the banking, hotel, foreign exchange and property sectors. "Transactions in the property sector are both numerous and large, with participants coming from various places," he explained.

Viraguna called on his colleagues in the banking sector to act firmly in supervising and preventing money laundering in Bali.

He also bemoaned the effects of money laundering on Indonesia's economy, society and law. "I call on banks to obtain detailed information on those making sizeable transactions," he said.

When asked about the modus operandi for money laundering in Bali, Viraguna said tracking such activities is difficult. Such illegal transactions are often broken down into smaller amounts, using a wide number of brokers and nominees. To counteract these problems he called for clear personal identification, ensuring people do not employ two different sets of identity papers.

Separately, the Vice-Chairman of the Law and Enforcement for the Center the Analysis of Financial Transactions (PPATK), Bambang Permantoro, highlighted property transactions as being ripe with opportunity for money laundering activities. To date, PPATK has referred over 700 cases of money laundering to the police for prosecution.

Bambang told the press that while new technology has widened the opportunities for money laundering, that same technology has also opened new avenues for law enforcement officials to track such activities.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


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
Airspace Over Bali No Longer Empty
Bali Airport Reopens After 24-Hour Closure for Nyepi New Year Observances
Business is Sky High
Indonesia’s Aviation Industry Booming with More than 100 Million Passengers Flown in 2017
Chinese Returning in Droves to Bali
Badung Regency Official Says Chinese Travelers are Bullish on Bali
New Ubud Gallery Opens with Two-Man Exhibition
Paintings by John van der Sterren and Ketut Gede Susana Exhibiting Through July at NKRI Art at The Ayung Resort, Ubud
Bali before the Balinese
Tenganan Village Fights to Preserve its ‘Pre-Balinese’ Ancient Traditions in a Rapidly Changing World
A Rest Area on a 12-Km Toll Road
Bali Toll Road Seeks to Increase Revenues by Moving Ahead with Plans to Build a Rest Area
Proud List of Past Achievements for the People of Bali
In the Midst of IMF-World Bank Conference Preparations, Bali Governor Pastika Reflects on What his Administration has Achieved on Behalf of the People of Bali
Diplomatic Reassignment
British Consulate-General’s New Address in Bali
When Anneke Goes Coasting
Dutch Woman Undetakes Annual Marathon Swim in North Bali to Protect the Environment
Short Shrift to Trash that Drifts
Indonesia Government Frames Formal Response to Video Showing Plastic Trash Inundation at Manta Point, Nusa Penida
To the Visitor, Goes the Spa
Harper Bazaar Singles Out 8 Spas for ‘Star Spa’ Status in Bali
Lest We Forget
Anzac Day to be Commemorated in Bali On Wednesday, April 25, 2018 at Finns Recreation Club
All [News]!