The President Regulation (Perpres) on the Implementation of Principles of Recognizing the Beneficiaries of Corporations in the Framework of the Prevention and Eradication of Money Laundering and Criminal Acts of Terrorism, otherwise known as the Perpres on Beneficial Ownership was finally signed by the President on March 1, 2018 and was promulgated on March 5, 2018. The PerpresĀ isĀ to help the Government in determining whether or not transactions involving corporations are connected to money laundering and/or the financing of terrorism. The Perpres is also intended for Indonesia to comply with the 24th and 25th recommendations of the Financial Action Task Force (FATF) on Money Laundering.To subscribe please click here