Corporate Governance

PT. Bank Mega Tbk (“Bank”) is a publicly listed company in Indonesia Stock Exchange, registered and regulated by Financial Service Authority and Central Bank of Indonesia.

As a commitment to combat money laundering and terrorism financing, the Bank has met a high standards of compliance with the Anti Money Laundering/Counter Terrorism Financing (AML/CTF) requirements by adhering to (i) Law of The Republic of Indonesia Number 8 Year 2010 regarding Countermeasure and Eradiction of Money Laundering, (ii) Financial Services Authority Regulations and (iii) Guidelines issued by Indonesian Financial Transaction Reports and Analysis Center.

The implementation of AML/CTF program consists of the following :

1. AML/CTF program is based on written policies and operational procedures approved by Board of Directors and Board of Commisioners;
2.  has appointed the AML/CTF officer who is responsible to the Management regarding the implementation of AML/CTF program;
3. Adopting a risk-based approach;
4. Conduct Customer Due Diligence (CDD) for prospect customers and Enhanced Due Diligence (EDD) for high risk customers;
5. Apply the screening process to prospect customers and customers’ transactions against the applicable terrorist list and money laundering negative list;
6. Prohibit any business relationship with shell banks, doesn’t offer services of opening anonymous accounts and payable-through account;
7. Perform Customers’ Data Updating Program;
8. Provide continuous training of AML/CTF program to all employees, prioritizing employees who serve customers directly;
9. Detection of suspicious financial transactions is supported by a special application system;
10. Fully co-operates with the law enforcement and regulatory agencies in order to implement the AML/CTF program under all applicable domestic laws; and
11. Compliance to the AML/CTF program is regularly monitored through an internal audit program.

The AML/CTF program implementation in all business unit is reported to Management regularly.