KPK and OJK Renew MoU to Address Evolving Corruption Cases
Jakarta (ANTARA) - The Corruption Eradication Commission (KPK) has updated its Memorandum of Understanding (MoU) with the Financial Services Authority (OJK) to respond to the evolving nature of alleged corruption cases.
“We have agreed to update the MoU, which will be adjusted to the current situation and conditions of the financial services sector,” stated KPK Chairman Setyo Budiyanto during an audience at the KPK Merah Putih Building, Jakarta, on Thursday.
According to Setyo, this renewal of cooperation is intended to enhance the capacity of KPK human resources, particularly in understanding modern financial instruments such as cryptocurrency, which are increasingly relevant in the process of tracing assets derived from alleged corruption.
Furthermore, he noted that the KPK has proposed strengthening the integration of data and information between the two institutions through the use of systems that allow for more effective data exchange, while still adhering to confidentiality provisions and applicable regulations.
On the same occasion, OJK Board of Commissioners Chairwoman Friderica Widyasari Dewi stated that strengthening the collaboration between her institution and the KPK is a vital part of ensuring the stability of the financial services sector.
Consequently, she expressed that the OJK is prepared to expand the scope of cooperation to include emerging issues, including digital assets and cryptocurrency.
“We are very open to the potential for broader cooperation, especially in facing developments within new financial services sectors,” she said.
Examples of this cooperation include strengthening support for the management of wealth reports for state officials (LHKPN), coordinating case handling, asset tracing, the utilisation of recovered assets, access to information regarding share ownership and crypto assets, and the potential for conducting parallel investigations into banking sector cases suspected of containing elements of corruption.