TEMPO.CO, Jakarta - Bank Indonesia (BI) and Bank of Thailand (BOT) are collaborating to prevent money laundering and terrorism funding. The governors of both central banks signed the agreement in Chiang Rai, Thailand, yesterday, during the sidelines of the Southeast Asian central bank governors' meeting.

The partnership between the two monetary authorities is a follow up to a similar collaboration between BI and other neighboring central banks.

Partnerships in the prevention of money laundering were also established with Banko Sentral Ng Pilipinas and Bank Negara Malaysia in 2018 and 2013.

"Bank Indonesia supports the Indonesian government to become a member of the Financial Action Task Force on Money Laundering," said Bank Indonesia Governor Perry Warjiyo.

The partnership between BI and the BoT also encompasses the reinforcement of cooperation in payment systems and financial innovations that could facilitate transactions between the two countries.

Although not detailed, the implementation of this agreement takes the form of activities such as policy dialogues, information exchange, innovation collaboration, and capacity building.

HENDARTYO HANGGI

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