The President signed 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, on March 1, 2018. And yet it took the Government close to two years to issue the implementing regulations for the said Perpres.

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