PPATK, police sign agreement

JAKARTA: In an effort to curb money laundering, the Financial Transaction and Report Analysis Center (PPATK) signed on Wednesday a memorandum of understanding on money laundering prevention and eradication with the National Police.

The chairman of the PPATK, Yunus Husein, said the agreement would provide a guideline on how the two institutions would cooperate in exchanging information, analyzing and investigating suspicious financial transactions and organizing joint training.

"We hope to build a closer cooperation with the police to eradicate money laundering in the country. We also hope that we can resolve more cases of money laundering, which will restore Indonesia's image abroad," said Yunus. -- JP