Indonesia begs for exclusion from NCCT.
President Susilo Bambang Yudhoyono will send a letter to a number
of countries to exclude the country from the list of non cooperative
countries and territories (NCCT) in the fight against money laundering.
Minister at the State Secretariat Yusril Ihza Mahendra said the
president will send the letter to heads of friendly countries including
the United States, Australia, New Zealand, and Japan and Hong Kong
authorities. The president will explain the position of the country in
the next session of the Financial Action Task Force on Money Laundering,
Yusril said FATF set up in 1989 by the seven major industrialized nation
(G7) now groups 34 industrialized nations to watch the implementation of
anti money laundering law all over the world. FATF put Indonesia and
five other countries in its list of NCCTs) in 2001. The other five are
Cook Islands, Myanmar, Nauru, Nigeria and the Philippines. (BI/12/01/05)