Corporate Governance

PT Bank Mega Tbk ("Bank") is a publicly listed company on the Indonesia Stock Exchange (BEI), registered and supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI).

As a commitment to combat money laundering activities, terrorism financing prevention, and proliferation financing of weapons of mass destruction (AML, CFT, and WMDP), the Bank has adhered to high standards to prevent and combat the crimes of money laundering, terrorism financing, and/or proliferation financing of weapons of mass destruction by complying with: (i) Republic of Indonesia Law No. 8 of 2010 concerning the Prevention and Eradication of Money Laundering Crimes, (ii) Financial Services Authority Regulations (POJK), and (iii) Regulations issued by the Indonesian Financial Transaction Reports and Analysis Center (PPATK).

The main points of implementing the AML, CFT, and WMDP Program at the Bank include:  

1. Implementation of the AML, CFT, and WMDP Program is based on Policies and Operational Guidelines approved by the Directors and Commissioners;
2. Appointment of officials responsible to management related to the implementation of the AML, CFT, and WMDP Program;
3. Implementation of the AML, CFT, and WMDP Program is risk-based;
4. Implementing the Bank's risk assessment of Money Laundering Crimes, Terrorism Financing Crimes, and/or Proliferation of Weapons of Mass Destruction institutionally (Individual Risk Assessment) with the results reported to the Regulator;
5. Implementation of the AML, CFT, and WMDP Program on Financial Conglomerates;
6. Implementation of Customer Due Diligence (CDD) procedures for prospective Customers and Enhanced Due Diligence (EDD) for Customers identified as high risk;
7. Conducting screening processes on prospective Customers and Customer transactions against the applicable terrorist list and the Bank's self-built negative money laundering list;
8. Refusal to conduct business relationships with Shell Banks, not managing anonymous accounts, and not managing pay-through accounts;
9. Implementation of Customer Data Updating Programs, the results of which are reported to the Regulator;
10. Continuous training on the AML, CFT, and WMDP programs for all employees with a priority on employees directly involved with Customers;
11. Implementation of suspicious financial transaction detection processes supported by special application systems;
12. Full cooperation with Law Enforcement and Regulators in the implementation of the AML, CFT, and WMDP Programs; and
13. Audit of the implementation of the AML, CFT, and WMDP Programs conducted by the Bank's Internal Audit unit periodically to ensure compliance with the implementation of the AML, CFT, and WMDP Programs.

The implementation of the AML, CFT, and WMDP Programs is carried out in all Bank business units and reported periodically to management.

We have to participate in preventing the criminal act of money laundering and terrorism financing. If not, money laundering and terrorism financing can bring negative consequences to Indonesia by disturbing peace and authority, slowing economic growth, disrupting the stability and integrity of the Indonesia's financial system.

People have to be careful and understand the potential of being exploited as a passive intermediary if receiving or in control of the placement, transfer, payment, grant, donation, safekeeping, and exchange of funds from illegal activities but not disclosing it to relevant authority.

People can actively participate by:

1. Avoiding being entrusted with a financial transaction
2. Keeping personal identity from being misused
3. Supporting and complying with the Know Your Customer Principle implemented by financial services providers
4. Providing information to the Indonesian Financial Transaction Reports and Analysis Center
5. Confirming and finding out more information on a crowdfunding

Let us strengthen the regime of AML & CFT (Anti Money Laundering and Countering the Financing of Terrorism) in Indonesia!