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.
 

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!